#Swing View
#JUBLFOOD Future (CMP - 3706) SHORT Range @3720-30 for Target - 3601/3320 with STOP LOSS - 3823.
More from Jublfood
#jubilantfoodworks @ 2443, an "abc" correction is "almost" done fm 4575
Holding 2500 & moving past 2615 would be the 1st sign of reversal attempt
Only +ve factor "Highly oversold"-meant for aggressive traders
Conservative traders wait for some "Bull candle" formation in Day t/f https://t.co/NbwmqJxo0W
Holding 2500 & moving past 2615 would be the 1st sign of reversal attempt
Only +ve factor "Highly oversold"-meant for aggressive traders
Conservative traders wait for some "Bull candle" formation in Day t/f https://t.co/NbwmqJxo0W
sir view on jubilant food works pls
— om namo venkatesaya (@being__trader) March 21, 2022
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
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
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