NeeteshJain

Jubilant Foodworks: Big Monthly Support Breakout

Short
BSE:JUBLFOOD   JUBILANT FOODWORKS LTD
It is been observed on the monthly chart that the price action breaks below previous important and major support levels of 970-940 indicating a big bearish move ahead. It shall now move further down to next support levels at around 750 levels in next few months.

Target 1: 852
Target 2: 800
Target 3: 785
Target 4: 755
SL: 1015
Trade active
Trade active: Target 1 closing up