JUBILANT FOOD WORKS
JUBILANT FOOD WORKS was consolidating in the range of 950 - 1398 for almost 3 years. Now stock is ready for a breakout above 1400 levels. Be ready for 3 year channel breakout above 1400 levels. Channel depth is 470 points approximately. So if stock gives a breakout above 1400 levels with volumes then 1400+470 = 1870 will be probable target. So keep pushing the money once stock gives a breakout.
Below is Weekly chart. F&O traders get ready. UC moves in F&O comes very rare when yearly breakouts happens.
JUBILANT FOOD WORKS was consolidating in the range of 950 - 1398 for almost 3 years. Now stock is ready for a breakout above 1400 levels. Be ready for 3 year channel breakout above 1400 levels. Channel depth is 470 points approximately. So if stock gives a breakout above 1400 levels with volumes then 1400+470 = 1870 will be probable target. So keep pushing the money once stock gives a breakout.
Below is Weekly chart. F&O traders get ready. UC moves in F&O comes very rare when yearly breakouts happens.
No comments:
Post a Comment