Friday, 1 April 2016

Jubilant Foodworks : Retesting H&S Break-down zone

Jubilant Foodworks


LTP 1296

1.Stock is Retesting its H&S Breakdown Zone 1335-55. thats bearish in nature. 
2.In daily chart stock is trading below 200/100EMA.
3.One can short near 1335-55 with Sl 1385cb For Shorterm target 1133.
4. Medium-term if stock not able to cross 1385cb then we can again test recent low near 950+/900.

Disclaimer :The Above view is purely for educational purpose. Nothing contained herein is a solicitation to trade or a recommendation of a specific trade. By reading this publication you agree to make no trade relying in whole or in part on the comments of the writers.