#jubilantfoodworks
low risk entry setup entry abv 3320 SL 3190 let it ride towards 4800
#AhmedabadNest #relativestrength #outperformance #investing #india
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#JUBLFOOD-4362
As the stock price trying to enter in to
new Orbit (#Fibonacci extension6.857%(4491)
Further Fibonacci extension projection ploted on chart.
Long term perspective.
#Probability https://t.co/fPSLKLDxln
As the stock price trying to enter in to
new Orbit (#Fibonacci extension6.857%(4491)
Further Fibonacci extension projection ploted on chart.
Long term perspective.
#Probability https://t.co/fPSLKLDxln
#JUBLFOOD -3940
— Waves_Perception(Dinesh Patel) \u092e\u0948\u0902Schedule Tribes) (@idineshptl) August 17, 2021
Moving higher towards objective
6.857%(4491)#Probability https://t.co/oKppKL59mG
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
Reasons for taking this trade violating the stock price < 200MA were:
~ capitulation move
~ no further selling left
~ a major TL validated on a weekly scale
~ highest R:R ratio
With such capitulation & tight SL = capital put in was 30%
Risk = 50, Reward = 350
Jubilant Food https://t.co/M1vLYEsngf
~ capitulation move
~ no further selling left
~ a major TL validated on a weekly scale
~ highest R:R ratio
With such capitulation & tight SL = capital put in was 30%
Risk = 50, Reward = 350
Jubilant Food https://t.co/M1vLYEsngf
The selling climax is accompanied by volume bars of such magnitude that I highlighted in the chart. In almost all cases, they signify that even the last bull has thrown in the towel & there is no further selling left. Will observe in this case.
— The_Chartist \U0001f4c8 (@charts_zone) March 15, 2022
Jubilant Food pic.twitter.com/j7bGSdhkRW