NSE:JUBLFOOD   JUBILANT FOODWORKS
Currently its making an small triangle pattern , and brake of it can lead to down ward move same distance it has traveled in the previous drop form its immediate peak
This price movement can form an identifiable pattern called Expanding flat ( Irregular flat as per Elliott theory )

I know one person is copying my chart and trying to prove himself as Good analyst , but Guess what he can copy my chart but do not have an ability to give logical explanation , that itself is clear indicate empty vassal makes noise

Lets come to trading , One can look for trading set up for short selling , now set up means it completely involves individual risk and method of trading principal for me its completely different , so trade with care ,
Trade active: Look for short selling on 1 Hour Reversal candle , they pushed the price high in order fill the new orders but they are unable to move up , visually it created pattern in side small abc and now it will high likely head down ,
Look for set up
Comment: well initial structure it was looking like a small triangle and they will drop , they moved up only to fill the fresh orders ( Mostly retail buyers will get stuck ) then they started turning down , I updates yesterday and today it completed and Small contracting flat in the middle of b wave , Now i am looking the trend is not fast to down ward , possible side ways for tomorrow then continue to go down
if you are in the trade put the stop to cost , and let the trade run ,
Disclaimer

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.