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mangeshtarai126

Jubilant Food - Interesting breakout and watch scenario

Long
mangeshtarai126 Aggiornato   
NSE:JUBILANT   None
Chart Patterns Support and Resistance Supply and Demand 30
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chartpattern supportandresistance supplyanddemand 30


Chart has formed a flag pattern and shown a breakout from the narrow channel a few days ago.
Supply zone is a 2 year long area which stock is not able to breach. Excellent support at 690 range. The recent swings are forming higher low's.
Can give a breakout above the resistance area if pumped with volumes.
Can enter with small quantities for accumulation at 850-870 range, more confirmation can be seen at 900 ranges.

*View are personal, not investment advice or tips. For educational purposes only.
Trade chiuso: obiettivo raggiunto:
Made high of 1000, close at 945
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