Possible Channel Breakout in JUBLFOOD

9 Jun 2021

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.

13 Jun 2021

Trade aktif

Got to love that candle on 11th June 😂

14 Jun 2021

Catatan

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

15 Jun 2021

Catatan

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.

16 Jun 2021

Trade aktif

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..

17 Jun 2021

Catatan

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