Price Moving In A Upside Channel . Price Touches Demand Zone , Price Consolidating After Touching Support / Demand Zone . Vol Also Showing Positive Strength . If Break 1495 With Volume . Then Buying Opportunity Will Become . Momentum Oscillator RSI , Is Also On Support Levels . If Market Open's Positive Then Wait 1st 15 Min And See If Market Supporting...
NSE:JUBILANT Jubilant given a Ascending triangle breakout on daily chart. There is a resistance at a level of 630 and we can see the stronng support at 561.2 and 532 levels . If stock manage to breakout the same too it will show 726 plus.
Strong price action break out from descending triangle and then a confirmation back to previous resistance and now moving up to achieve targets of 1252 and 1263. Keep a stoploss at 1229
After a strong big green candle breakout from 1216 levels, this confirmed a uptrend momentum intact and after confirmation of previous resistance as support, it confirms a better risk reward. It shall reach to the next resistance levls of 1250 as per this 30 mins chart. Target: 1250 SL: 1210
Key take aways: 1. Completion of 5 corrective waves 2. All Oscillators are at over oversold conditions 3. Almost no risk to high reward condition. Markets are in down trend but for next couple of weeks a upward rally can be expected in the market due to many short covers in market, which can also support the upward rally of this overheated pizzas. Trade...