JubFood has broken its important key Support along with trendline, it is trading below 1265 and showing weekness both on daly and weekly chart. I will open this trade next week by going short in the range of 1270 to 1290 for a target of 1130 (Medium term to long term) with a strict stop loss of 1310. As per Risk reward ratio also its worth taking this risk. Lot size 250
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I am short on Jubfood works now with a strict stop loss of 1310. Big brokers are giving buy call on Jubfood but i don't see any strength of buying. Its a high risk call now and have taken that risk. Lets see
ReplyDeleteGood Morning Di,
ReplyDeleteCan i still short Jubfood @ 1272 today with sl of 1310
sharma
thanku
There is no need to ask any such questions. Call is active and we are already in short.
ReplyDeleteJubFood works closed today at 1251 and we are in 20 Rs profit. TSTL is now 1288...Enjoy!!!
ReplyDeleteJubfood works TSTL is now Cost to Cost. its risky call now so i am modifying my stop loss to TSTL Cost to Cost.
ReplyDeleteu r being proved right once again.. its not only about getting in profitable trades but it is also about getting out of trades if its not working according to your expectations, even more so.. kudos to u
ReplyDelete@ Madhu - Thanks for such kind words.
ReplyDelete