Jubilant Foods belongs to NIFTY FMCG which is outperforming NIFTY in a short term basis and Jubilant is corrected from 3200 to its Daily Trendline. This setup provides excellent Risk to Reward Ratio.
Rationale behind this trade
OPEN
RELIANCE
(Enter above 2117.0)
2000
-5.53%
Current
2150
Target
2000
Stoploss
2117
Entered
(21/01/2021 13:15:00)
Recommended on 21-01-2021 13:08:00 and valid till 21/02/2021