Possible Channel Breakout in JUBLFOOD

٩ يونيو ٢٠٢١

Notes:

• Been in a channel since 4th Feb.
  
• Currently hugging the resistance zone around 3212 (Only cause for concern is the set of small body candles with a bearish bias).
  

Please note - Not a SEBI Registered Advisor/Analyst. Only for Educational Purposes. Please Consult your financial advisor before you take any action.

١٣ يونيو ٢٠٢١

تم فتح الصفقة

Got to love that candle on 11th June 😂

١٤ يونيو ٢٠٢١

ملاحظة

Thinking of confirming the breakout only if the candle closes above 3250 since that level has now been tested twice during the consolidation.

١٥ يونيو ٢٠٢١

ملاحظة

Even though the Q4 results were pretty decent (Net Profit at 395% YoY), they were still below the analysts estimates which could be why even the results were unable to result in a breakout candle. Looking forward to the next session for a confirmation.

١٦ يونيو ٢٠٢١

تم فتح الصفقة

Although it was a gap up opening, the first candle (15mins) nearly touched our level 3212 before bouncing back strong to test the days high in the following candles.

Missed entry, therefore couldnt take an intraday position.

Would probably wait for another testing to confirm breakout before taking any swing positions..

١٧ يونيو ٢٠٢١

ملاحظة

Got a chance to take an intraday position today. Captured around 0.7% move. Wasn't very confident because of the market in general.