Jubilant Food - Long/Short Opportunity

Long/Short Opportunity -
Jubilant food is creating a mystery because on the day & 1-hour timeframe chart it is showing a downtrend & on the 15M timeframe chart, it is showing starting of the uptrend. The CPR is narrow and on the upside, which means there is a bullish move is expected, but the CCI is neutral so we have to wait for the confirmation for the move. If the first candle closes above the 0.618 level of fib retracement i.e. 2948.90 then there will be a long opportunity.

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.