While trading the market it is important to understand the behaviour of the market. Simple strategies like price patterns can be combined with simple indicators like ADX (Average Directional Index) to achieve powerful results. Check out how we selected JUBLFOOD which has rallied more than 4% in just one trading sessions.
We published the following research on JUBLFOOD pre-market on 1st January 2025 in the "Vayu Momentum Report” which our subscribers receive pre-market every day.
JUBLFOOD Daily chart Anticipated as on 1st January 2025
Analysis Anticipated as on 1st January 2025
On the daily chart, stock has protected its prior day’s low since 20th December which keeps the daily bias in favour of the bulls. Along with this, stock has formed a cup and handle pattern. Price has closed above 712 which confirms breakout of the said pattern. On the daily chart, ADX is suggesting strong momentum can continue in this stock as it is showing readings of 30.30 which is above 25.
In a nutshell, the current trend for JUBLFOOD is on the positive side. A breach above 725 is must for buying to continue with the targets of 750 followed by 780 levels. On the downside 690 is the nearest support.
Trading Strategy for intraday futures: Long positions can be created above 722 with the stoploss of 711 and targets of 732 followed by 743.
JUBLFOOD Daily chart happened as on 2nd January 2025
Happened: The stock moved as we expected. JUBLFOOD has given a breakout of Cup and Handle with huge volume which was a bullish sign. The stock showed a sharp rise of more than 4% after breaching above 722 levels in just 1 session. Now it has the potential to achieved our final target of 780 in the coming sessions.
We successfully captured an upmove and both the targets were achieved in future segment as well!
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