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Short term EW analysis on JUBILANT FOODWORKS

NSE:JUBLFOOD   JUBILANT FOODWORKS
C leg of the correction seems to have been started.
Wave 2 is in completion zone so if wave 2 is completed then the price pattern should respect the trendline which is drawn on the chart. If wave 2 is not completed the we will have to revise the trendline .
If W2 is completed and trendline is not breached then SL can be nearest swing high and one can ride the trend.

Note: Pattern gets violated only if price breaches the invalidation point.

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