my #monday #Buy #VGM #portfolio #picks
#jubilantfood
sl 2500 on closing basis tgt 4800
#Bullish.
#Breakout
#relativestrength
#outperformance
#investing #trading
#India
#AhmedabadNest
#nishshkumar
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Also, you must be vigilant here because in these cases 50 MA and 200 MA act as a strong resistance. However, both the resistance zone and the 50 EMA are getting in closer. Confluence zone.
Jubilant Foodworks https://t.co/oarPRnT0Vk
Jubilant Foodworks https://t.co/oarPRnT0Vk
The chart signals an upcoming violent move. I may be wrong but the risk is getting too low in here. Keep an eye out.
— The_Chartist \U0001f4c8 (@charts_zone) April 18, 2022
Holding this from lower levels - the reason being capitulation.
Jubilant Foodworks https://t.co/M1vLYEbkef pic.twitter.com/TVXZKo028g
High volumes could have been better here although I am content with the move from the March lows considering the least risk the setup provided. It is better if we get a strong candle closing above the boundary.
Jubilant Foodworks - updated chart https://t.co/mH1TTqHbcq
Jubilant Foodworks - updated chart https://t.co/mH1TTqHbcq
Post the capitulation move, I am anticipating an ascending triangle breakout in Jubilant Foodworks however the buy is not triggered yet. That target open would be 667.
— The_Chartist \U0001f4c8 (@charts_zone) April 21, 2022
Ascending triangles also act as key reversal patterns. https://t.co/M1vLYEsngf pic.twitter.com/f06rbJhLaq