JUBILANT FOODWORKS looks weak !!!

JUBLFOOD : cmp : 2994.9
Looks weak in daily & hourly chart. may go upto 2850.
Sell near 3015-3025 zone for the TGT of 2923/2893

SL 3051.5


Sell on rise strategy
Option Strategy : Bear PUT spread : Buy 1 x 2950PE @125
Sell 1 x 2900PE @ 117
Max profit 10512
Max. loss 1980

Let's see what happens....

Disclaimer: Ideas for learning Only.
Learn Regularly. Not occasionally.