A reader has emailed in to seek my opinion on Jubilant Life Sciences.
The following chart shows the Jubilant is very weak and stock could correct strongly. A bounce to 330 - 340 level should be used to exit holdings from this stock. In the near term, stock could correct to 250
level.
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| JUBIILANT ORGANOSYS - Looking bad on charts |
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Disclaimer : This is not a recommendation/ solicitation of any order to buy or sell, but Jerry's view on indian stock market. I assume no responsibility for any opinion or statement made in this blog. Readers are urged to exercise their own judgment in trading. Readers shall solely be responsible for profit/loss
2 comments:
Hi,
I am a fan of yours now. I am really impressed by accuracy of the levels you post. I also wonder the pivot level its different from the normal pivot, though its really accurate as far as the market moves are concerned.
Hats off to you!!!
I wish to take position for swing trading, my budget is of one lakh for this trading. I shall appreciate if you suggest a good stock for short term position for about a month.
Thanks in advance. Keep up the good work.
Divyesh
Divyesh,
Thanks for the kind words.
You are right. The pivot is calculated in a very different way compared to the normal one.
That is why it is accurate.
After reading the disclaimer, and doing your own study you can always trade the swing recommendations.
Jerry.
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