JUBILANT FOODWORKS LTDSingkat
Jubilant Foodworks - Time for Profit Booking ?
Jubilant Foodworks JUBLFOOD has had a massive rally since June last year and came up with a strong set of numbers 2 days ago.
However, it is still going down which is a sign that the stock has run up too far and now Investors have started booking profits.
With a Negative Divergence and a Bearish Engulfing candle at the top, the stock presents a nice opportunity to go short !!
Took short position here with a stop loss of around 2690 and first target at around 2300 levels.
JUBLFOOD has had a massive rally since June last year and came up with a strong set of numbers 2 days ago.However, it is still going down which is a sign that the stock has run up too far and now Investors have started booking profits.
With a Negative Divergence and a Bearish Engulfing candle at the top, the stock presents a nice opportunity to go short !!
Took short position here with a stop loss of around 2690 and first target at around 2300 levels.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.