JUBILANT FOODWORKS [LONG TRADE (SWING TRADE)]
The stock has been forming a perfect HIGHER HIGH and HIGHER LOW Formation with respect to the Uptrend.
I've Noticed the stock move from a LOW to a NEW HIGH by about 850 points on average and correction by 350 points to form a new HIGHER LOW.
On a net basis, the stock is clearly moving 500 points Higher every time from a LOW to a HIGHER LOW.
Based on this structure, I anticipate the price to move from the presently noticeable LOW of 2600 to a HIGHER HIGH of 3450 levels and correct back to 3100 levels.
You may take a SWING TRADE based on this observation at your own discretion
I've Noticed the stock move from a LOW to a NEW HIGH by about 850 points on average and correction by 350 points to form a new HIGHER LOW.
On a net basis, the stock is clearly moving 500 points Higher every time from a LOW to a HIGHER LOW.
Based on this structure, I anticipate the price to move from the presently noticeable LOW of 2600 to a HIGHER HIGH of 3450 levels and correct back to 3100 levels.
You may take a SWING TRADE based on this observation at your own discretion