Cfa_Arvind

JUBLFOOD formation of Double Bottom

Long
NSE:JUBLFOOD   JUBILANT FOODWORKS
Double bottom chart pattern formed in JUBLFOOD and pattern will active only after break and close above 470.

It is also important to note that JUBLFOOD is bounced back from prior support level with formation of bullish candlestick called Hammer.

Price is also pierced the downtrend line and currently price is consolidating near neckline.
We have also found inside bar pattern near the neckline, if upside breakout is sustained then we can get sharp up move or else pattern will be invalid.
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