Categories 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
Holding this from lower levels - the reason being capitulation.
Jubilant Foodworks https://t.co/M1vLYEbkef
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
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
Jubilant Foodworks https://t.co/ZBMsHWfg7R
The selling volumes with indecisive candles tell a lot about the selling pressure. I don't think there are more sellers left in here. It is one of the biggest trades for me and my views may be biased but SL is at a cost now so I lose nothing unless it gaps down.
— The_Chartist \U0001f4c8 (@charts_zone) April 7, 2022
Jubilant Food https://t.co/M1vLYEsngf pic.twitter.com/5GOCWtgScD
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
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