Rising Flag Pattern

Jubilant Foodworks is going through consolidation phase for 6 weeks. It has formed bullish rising flag pattern . Thus, break above the rectangle is expected. Weekly RSI is at 66.81 - strong bullish . However, one has to converge expectations based on technical indicators and charts with operating factors which would drive the price upwards. At present, we don't see strong positive undercurrent. So, price may move sideways for one more week. By then, some expectations around Q3 or Quarter ending Dec 19 would start firming up


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