#JUBLFOOD CASH 17 OCT 2019 LOOKS GOOD IF SUSTAIN & CLOSE ABOVE 1360 FOR 1440/1500/1600 IN COMING DAYS WITH VIEW OF 2 MONTHS STOPLOSS 1300 CLOSING CMP 1340
structure is invalid if current rally breaks 1486. wait for a fall till 1225-1200. minimum 1800. sl is wave C low.
NSE:JUBLFOOD should provide a shorting opportunity at 1183 with SL at 1189.70 and mentioned targets on the charts should be adjusted as per individual trader's RMS. Note: Please Consult Your Financial Advisor Before Taking Any Decision Always risk 1% of account size per trade, adjust the position size accordingly.
Wolfe wave for Agaust end to early January. Elliott wave for intraday trade on 27th Agaust
Below 980 level it wll be much bearish. Any entry should be taken only if sustained 980.
1.trending down 2.pinbar 3.21 EMA acting as a resistance 4. can be good for short with small risk
1) Bullish wolfe wave 2) Monthly support line 3) Weekly - In channel and H & S break, which should eventually fail and bounce back from demand zone area.
Buy Setup.. Waiting for the prices test my Entry Zone. Keep It Simple, Keep It Unique... My View Only :)
Buy jubilant food current market price sl 1180 target 1400
Long JUBLFOOD on the hold of trendline, Overall structure shows strength and hold of trendline may confirm double bottom.
Buy at CMP Tgt 1325 SL 1230 Stock taking support at lower end of Bollinger band......expect a good bounce back from the near double bottom and oversold pattern..
Run with SL
Jubilant is looking quite bearish on HTF charts but it seems it will try to recover some of the lost ground before any further downfall. View will stand invalid if it breakout from the broadening wedge on lower side. All the Best!
Downtrend sell below 1322 sl 1334 tgt 1312-1307-1295