JublFood Buy Zone Above 1600-1620Buy Zone: 1600-1620 - If it will sustain above this zone
Tg Zone: 1445-1455
Tgram at jtradingview
JUBLFOOD trade ideas
Jubilant FoodworksIt has entered into a PRZ of a bearish harmonic pattern AB=CD which is also inline with an Ichimoku time and price resistance. A retrace till 1450 from here. View negates above 1625
Jubilant Foodworks ViewJublfood may face resistance near 1580 levels... if broken & sustained above more upside possible
JublFood Short Idea(See Description below)Timeframe : Daily
Reasons:
1) Range bound in monthly and weekly chart.
2) In day chart making HH for upward move in range.
3) Perfect candidate to form Double top near 1530 range.
4) Double top neckline 1250.
5) If DT neckline broken can go till 973 which is coinciding with weekly and daily support.At max can go till 920(monthly support).
Short @ 1530
Stoploss @ 1580 to 1600
Target 1: 1250(neckline)
Target 2: 973(if neckline is broken)
Note: Setup invalid if weekly close is above 1600.
