Very small target for a script like JUBLFOOD, will give lot more than this, if runs like previous result session. one can simply try the CEs till result and exit that day. If found cheap on result day then again buy..
This is what I wrote on this stock on 24th May:The pattern may be considered as Rounding Bottom. Price is about to breakout. Target is 250 plus from the breakout level.
How does a stock prepares for a rally (bullish/bearish)? Here is an example of a bull rally. A base is formed which was held for a long time. Also price consolidated in a small price band. Then 50 DMA gave an upward cross on 200 DMA (Golden cross). Price broke out of the narrow range and rallied to make higher highs and higher lows.
What to do now? If one likes...
As per my wave analysis..
On BO of the trendline, and a small consolidation/flag bo, take short trade for downfall of this script.. ride all the way down..
The stock has been able to break above it's 61.8% downward retracement with good strength in the stock alongwith heavy volumes. Can do well going ahead.
