JUBLFOOD trade ideas
JUBLFOOD, Idea for profit 26-Dec 2019JUBLFOOD is trading in a wedge for past one month. It is currently trading at lower end of wedge and should move upward in coming session. Should be in your watchlist for next 2 days.
Jubilant Food Look bearish.Jubilant Food looks Bearish on 4 hour charts
Forming inverted Hammer. So It may come
down to 1600 & 1575 levels respectively.
JUBLFOOD Short purely based on W.D. Gann's Price & Time Forecast315 Degree angle on the Square of Nine favours pivot tops of JUBLFOOD market and similarly 45 Degree angle on the Square of Nine favours pivot bottoms of JUBLFOOD market.
And thus the forecast pivot bottom date is 26.12.2019 and the forecast pivot top date is 17.01.2020.
Further, it has been observed that JUBLFOOD favours increments and decrements of 270 Degree price levels on the face of the Square of Nine.
And thus the forecast pivot top price of 1486 or 1380.
W.D. Gann left the world keeping his techniques of trading a subject of mystery, but several authors have made an effort to decode his trading rationale.
One such author is Patrick Mikula and I have learned Gann's techniques and more by studying his books (not just reading). His books provide a real deep insight into the world of W.D. Gann's trading methodology.
Disclaimer: Ideas shared are personal views and not recommendations or tips to enter any trade in real markets.
JUBLFOOD LEVELSNSE:JUBLFOOD
PROPERLY FOLLOW THE LEVELS. RISK:REWARD= 12:10
PURELY FOR STUDY PURPOSE.
JUBLFOOD CASH : LOOKS GOOD ABOVE 1590.10JUBLFOOD CASH
04 DEC 2019
LOOKS GOOD ABOVE 1590.10
STOPLOSS 1580
TARGET 1599-1600/1608-1610
CMP 1583
JUBL FOOD. continues in divergenceJUBILANT FOODS. is in negative divergence. and has closed below 20 dma today.
can first test daily kijun at 1573 . if it bounces from there. use any rise to 1640 to go short again
Rising Flag PatternJubilant Foodworks is going through consolidation phase for 6 weeks. It has formed bullish rising flag pattern. Thus, break above the rectangle is expected. Weekly RSI is at 66.81 - strong bullish. However, one has to converge expectations based on technical indicators and charts with operating factors which would drive the price upwards. At present, we don't see strong positive undercurrent. So, price may move sideways for one more week. By then, some expectations around Q3 or Quarter ending Dec 19 would start firming up
JUBILANT FOOD.. time to fallJUBILANT FOODS.. unable to climb higher even when nifty flat or grinding up..
forming wicks losing momentum
time to sell. SL 1630 target 1540 1480.
this is a positonal call. december series.
any upmove can be used to short or short at cmp and add again at higher price.
previous call given at 1620 . still hold though i closed it
JUBILANT FOODS.. negative divergence,Jubilant Foods is forming negative divergence on dialy charts.
sell at cmp for target of 1580 1560 or for a test of 20 dma. SL 1640
JUBLFOOD CASH : LOOKS GOOD ABOVE 1610 JUBLFOOD CASH
20 NOV 2019
STRONG RESISTANCE AT 1605-1610
LOOKS GOOD ABOVE 1610 & DIPS 1604-1605
TARGET 1619-1620/1630
STOPLOSS 1598
CMP 1591
JUBLFOOD, Intraday SpecialJUBLFOOD has formed symmetrical triangle on 5-15min time frame. Since JUBLFOOD has Cup with Handle on longer time frame, BO is most likely.
JUBILFOOD JUBILFOODWORKS BULLISH
A SMALL F&P ( FLAG AND POLE) PATTERN IS WITNESSED IN 15 MIN TIME FRAME CHART
UPSIDE MAY BE SEEN.
POSSIBLE TARGETS: 1655/70
