JUBILANT FOODS.. unable to climb higher even when nifty flat or grinding up.. forming wicks losing momentum time to sell. SL 1630 target 1540 1480. this is a positonal call. december series. any upmove can be used to short or short at cmp and add again at higher price.
previous call given at 1620 . still hold though i closed it
Nota
closed below 20 dma after 3 days of forming dojis,, couldnt go up.. downside starts now. target will be daily kijun..
Nota
niftys move today pulled the stock up. any upmove to 1630 can be a short again.. i can be very wrong also :)
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