Post
alokbihani
JUBLFOOD
For JUBLFOOD 1825.65 is a pivot support on 5min chart, below that stock may fall much lower. Continuing fall in the stock saw some reversal due to pivot support.
Preferable long trade is only above 1849.55 subject to sustainability on 5min charts for target of 1859.95 followed by 1870.35 and 1903.15. Prudent to book profits at levels, i.e. keep De-risking.
Short position would prefer to take if price is sustaining below 1806.25 on 5min charts for the target of 1785.65 followed by 1763.95 and 1743.05.
JUBLFOOD having decent volatility can be considered for quick scalping too but the levels should be followed strictly.
Will share the trade idea for all segments (FnO and Cash) in JUBLFOOD at request only.
P.s.- Please trade as per your comfort and risk.
Feb 12 1:48 PM
NSE:JUBLFOOD price when posted: 1,817