Equity / Stocks - Jubilant Foodworks - 62% Fibonacci Cross Over in MARKETS - CMP : 1220
Jubilant Foodworks has closed above 62% yearly Fibonacci levels today.
It has recovered from lows of 950 ...
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06-23-2014 07:17 PM
Jubilant Foodworks - 62% Fibonacci Cross Over
CMP: 1220
Jubilant Foodworks has closed above 62% yearly Fibonacci levels today.
It has recovered from lows of 950 in the last 2 months. Looks like there has been 2 Bullish Elliot waves so far, in the recovery from 950. And we might be at the start of the 3rd and final bullish wave.
Target this time is between 1350 to 1400. Watch the next few days for Jubilant to bee stable above 62% Fibonacci levels and one can go long on it.
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06-25-2014 11:07 AM
Jubilant moved up smartly yesterday ... I am still holding in futures July contract ... We might see 1400 plus if market supports 
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