#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
sir view on jubilant food works pls
— om namo venkatesaya (@being__trader) March 21, 2022
More from Van Ilango (JustNifty)
Read again till you understand the logic fully of a "Moving avg (13Sma) & its upper & lower band" mechanism and then,
Apply on charts of your short listed stocks and understand how the trades/ investments would have worked -back testing
Bollinger band has been a trusted guide with the settings of 13sma & 2 std deviation. Add to it 5 & 8 smas and it works in all time frames.
— Van Ilango (JustNifty) (@JustNifty) September 29, 2020
Start from week & Day for investments; Hour & 5 minute for intraday.
Experiment initially; you'll still need other tools to read the mkt\U0001f600\U0001f64f pic.twitter.com/yEkHiDHiha
I'll go with 5th is getting done soon.
There is one more possibility that 3rd wave is sub-dividing !!
IF so it must hold last rise #retracement https://t.co/a6BBHIWrZk
ROLEX RINGS
— manav (@manav1418) June 24, 2022
Elliot counts (possible scenario's)
Which wave count is correct as per you\U0001f64f
please guide....!!@nakulvibhor @nishkumar1977 @JustNifty @piyushchaudhry @KrunallThakkar pic.twitter.com/h97J8Ycuf5
More from Jublfood
~ 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