Stock for intraday trading: Sell JUBLFOOD @ 872 for target 861 and 851 place protective stop loss at 880 At CMP of 873 it is trading negative by more than 8%, but we are expecting further sell off the stock has entered the bubble and in terms of valuation it is very expensive stock, so trend is more likely to be bearish today, So it seems to attract more sellers on every up move in this stock. The volume is also very high with The selling. Technical indicators suggest the possible downside momentum and is in favor of trade, stock JUBLFOOD. Investors must stay away from this stock. However traders can play by shorting JUBLFOOD (Jubliant Foodworks Ltd.) stock.
About Bhaveek PatelBhaveek Patel is one of the most successful traders, technical analyst, and investor, his areas of interest include stock market, forex, and gold trading. Apart from this, he is often seen in the golf course. He is having more than 10 years of experience in trading, had placed his first order on 19 June 2006 with IndiaInfoline.
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[…] may move sideways for sometime now and but we are still sure that asset bubble is still far away at this point of time. So still it attractive from the buyers point of view, gold […]
Nice post…
Thanks Priya..