Jubilant Foodworks - The first thing I ask myself before jumping in is if the selling has been absorbed/exhausted. How?
~ price will fall down with fewer volumes
~ or price will stop forming fresh low
Till these conditions are met - NO SIP/no lump sum

More from The_Chartist 📈

Syngene - Same concept. Price contraction. Shift from weak to strong hands through repeated volatility contractions. I can well write one whole page explanation on it. Look at the volume pump today. A big hand will never let you ride with him. Make sure you are there at the party https://t.co/RN8sQYzdBg pic.twitter.com/AShKWnQeJt
— Steve Nison (@nison_steve) July 15, 2021

Borosil Renewables - Patterns like these must be looked at carefully and must be kept on the radar. Herein price is contracting which generally signifies shifting of hands (from weak to strong). If you go wrong, the risk is limited in these. pic.twitter.com/iqyoeslZjy
— Steve Nison (@nison_steve) July 12, 2021
Explained you same concept with Elxsi. The real test of a strong Breakout is that the big hand will not give you another chance to buy the share at the breakout level. They will absorb all the selling of weak hands. I mean "STRONG breakout". https://t.co/7fxFqGQl3p

Tata Elxsi ---
— Steve Nison (@nison_steve) June 30, 2021
In the last 10 minutes, all the selling was absorbed despite intraday positions being squared off (if not converted). will wait for the EOD data. However, the chart structure is extremely strong. https://t.co/pci7GCDBEO pic.twitter.com/1NBD9V3mKc
USDINR - a breakout that will not bode well for the equities
78+ https://t.co/AWqZxF5B1L

Can you anticipate a breakout? Yes
— The_Chartist \U0001f4c8 (@charts_zone) June 10, 2022
the attached tweet.
now the chart is for USDINR https://t.co/Vb2wKaCvTB pic.twitter.com/INo0GC4fGY
A bullish flag pattern right after the breakout. Although the broader rectangle target of 1190 is way more than this bullish flag target https://t.co/wdAzb7SS7L

Interesting chart of Mahindra & Mahindra consolidating in a rectangle pattern & the price not falling back to the lower support. pic.twitter.com/GJ7rCfkB9f
— The_Chartist \U0001f4c8 (@charts_zone) May 26, 2022
More from Screeners
A small thread.
PART 1 - https://t.co/ooxepHpYKL
Traders show your support by like & retweet to benefit all
@Mitesh_Engr @ITRADE191 @ProdigalTrader @nakulvibhor @RajarshitaS @Puretechnicals9 @AnandableAnand @Anshi_________ @ca_mehtaravi

VWAP for intraday Trading Part -1
— Learn to Trade (@learntotrade365) August 28, 2021
A small thread PART -2 will be released tomorrow
Traders show your support by like & retweet to benefit all@Mitesh_Engr @ITRADE191 @ProdigalTrader @nakulvibhor @ArjunB9591 @CAPratik_INDIAN @RajarshitaS @Stockstudy8 @vivbajaj @Prakashplutus pic.twitter.com/y8bwisM4hB
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