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Jubilant Foodworks Ltd.

Discussion in 'Technical Analysis' started by chequesuraj, Jul 9, 2013.

  1. chequesuraj

    chequesuraj Member

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    Dear Shabbir,

    From the chart its perfect W pattern but the last leg is below the second leg.

    still I think its in breakout stage above 1150 for 1200.

    It's in uptrend from 930 with higher high and higher low...

    Should we take position in this

    Pls need your comments on this...


    Regards,
    Suraj Naik
     

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    chequesuraj, Jul 9, 2013
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  2. shabbir

    shabbir Administrator Staff Member

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    I would not consider this W because it is quite below the previous leg and so for breakout I will wait for few trading sessions to close above 1140. Even if it does I will not be too optimistic about this stock.
     
    shabbir, Jul 9, 2013
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  3. krasquinha

    krasquinha Member

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    As Shabbir said , you need to wait for the couple of trading session. Wait for the pullback around 1050 level and it holds this level then you can enter this stock.
     
    krasquinha, Jul 9, 2013
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