Friday, 22 November 2013

Short term Momentum Trade: Jubilant LifeSciences

MAIL SENT TO CLIENTS ON NOV 7 TH

TOLD TO BUY@ 97 TODAY STOCK HIT 120 STILL LOOK HOT FOR SHORT TERM

THIS WAS MY MAIL ON NOV 7TH


As you can see in the chart below: Jubilant Life Sciences has made a decent move in last few days and that too on impressive volumes. That’s not all – the move has broken the downtrend of the stock. The stock appears set for much higher levels after some consolidation at current levels. 
Trading Strategy:
One can Go Long on the Stock at CMP with no stop loss as of now. We will review the stock little later and take the call on stop Loss. A reversion to mean move can take the stock to 200 dma i.e. 143.


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