reshmi_chauhan1

JUBLFOOD Double curve in a parallel channel:

NSE:JUBLFOOD   JUBILANT FOODWORKS
A parallel channel is a continuation pattern that slopes up or down and is bound by an upper and lower trend line .
The upper trend line marks resistance and the lower trend line marks support.
Channel Line: The line drawn parallel to the main trend line is called the channel line.

A key concept of technical analysis is that when a resistance or support level is broken, its role is reversed.
If the price falls below a support level , that level will become resistance.

Comments

do u know im fallowing u and ur oberservation helping me to print money.
+5 Reply
Hi, thank you so much. For intraday what's your view on 26 May?
+3 Reply
Mam, good analysis, I start market from April but got too many losses.but now I want to learn from ur analysis & do investing not intraday or future
+1 Reply
@sUMITmitra, please don't if you are new in trading first observe
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Nice analisze
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For upward movement breaking of Resistance is must.
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IT GOS DOWN
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your are great job reshmi ji your analysis is best
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Hey I am quite naive in all this, can u please explain in better terms? I am assuming now it will go up is it?
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You did an amazing job, great analysis...
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