Jubilant Foodworks - Bullish Divergence
Updated
Jubilant Foodworks analysis
1. Bullish divergence on the daily chart.
2. The RSI (daily, 14) is clearly forming a bullish divergence as can be seen from the chart above, which indicates bullish.
3. in today’s session (20th March 2023), the relative strength of the stock is good.
4. Volume in today's session was more than average volume.
5. Bullish engulfing candle has formed
All above gives sentiment of price reaching the target as marked in chart in short term.
Note: This is just for educational Purpose.
1. Bullish divergence on the daily chart.
2. The RSI (daily, 14) is clearly forming a bullish divergence as can be seen from the chart above, which indicates bullish.
3. in today’s session (20th March 2023), the relative strength of the stock is good.
4. Volume in today's session was more than average volume.
5. Bullish engulfing candle has formed
All above gives sentiment of price reaching the target as marked in chart in short term.
Note: This is just for educational Purpose.
Trade closed: target reached
Target Closed!
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