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trade explained in chart
posted for my learning purpose,
not responsible for any financial loss
EWP COMPLETED BULLISH WEDGE ALSO....https://www.tradingview.com/x/IyxDuWSY/
IT JUST BREAK DOWNTREND LINE.
levels mentioned on the chart.
Looking to Go long after the confirmation for short term trend trade
Jubilant life science available at break out retest level.
Cup formation based breakout out with huge volumes.
Target 880 + 0.5 (27) = 1035.
Aggressive investors can buy 50% now and 50% on any retracement.
Conservative investors can look for a possible retracement towards 900 levels. However chances of missing out prevail.
JUBILAN Tbuy 813 to 800 range sl 794 target 836 - 900
Jubilant Life science meeting my weekly Aroon strategy criteria .
Stock may sustain this bullish momentum for long term .
Explained in chart.....
All my post are for educational purpose,non-advisory and non-directional....
Quality - Good
Valuation - Fair
Financial Trend - Flat
Delivery Percentage - Good
Number of FIIs holding stake have decreased from 157 to 150 in Sep 17
Breakout on strong Volume
Entry - 130.65
Target - Target: 149
Stop Loss - 122.65
High volume Break out on downward sloping channel with strong
closing within 80% of candle range .
Share has made break out from Falling Wedge pattern. Falling Wedge pattern is shown in highlighted area. Last Candle made by share was Marubozu (shown in black box) with good volume. RSI is also supporting Price rise (shown by blue lines). Share is Bullish now.
Jubilant foods is showing a contraction in weekly charts, however volume strength suggests that the scrip is being accumulated.
Gradually increase accumulating till it reaches 663 (Use position sizing).
Keep a SL at 642 & look for targets of 752.
as there is big move in card but stock will post bed result as expected as basis opf chart and if stock take level of 730 and trade above that then stock target 750++ and if stock not suistain above 730 then stock will down by 4-7% after result.. as result normal or bad.
Jubilant Life Sciences has made a bullish engulfing candle with good volumes. Can do targets of 778-844 with a SL of 703 on closing basis
a 100 point rectangular consolidation will give breakout above 765