jubiliant foodworks potential reversal
Updated
NSE : JUBILANT FOODWORKS
CMP - 472.6
VIEW - bullish / long
ANALYSIS - Technical
A bull divergence on daily MACD indicator with higher lows is contrast with price
action of lower lows indicating a divergence.
Breaking of bearish trendline indicates a potential trend change with double bottom formation
Target - 519-525
stoploss - below 407-415 closing basis
timeframe : 12 weeks
disclaimer: it is a educational purpose publication and not a trading recommendation.
CMP - 472.6
VIEW - bullish / long
ANALYSIS - Technical
A bull divergence on daily MACD indicator with higher lows is contrast with price
action of lower lows indicating a divergence.
Breaking of bearish trendline indicates a potential trend change with double bottom formation
Target - 519-525
stoploss - below 407-415 closing basis
timeframe : 12 weeks
disclaimer: it is a educational purpose publication and not a trading recommendation.
Trade active
trailing sl 475 .Note
made high 497 but closed at 480. waiting for weekly closing above 490
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