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JUBILANT FOODWORKS LTD
Short

JUBILANT FOODWORKS - TRENDLINE BREAKDOWN (BEARISH SETUP)

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JUBLFOOD

BEARISH SETUP - Breakdown from a long supporting trendline (rising wedge pattern) with decent volumes supporting the bearish momentum.
RSI and RS confirms the charge of bears. Thus a good downside move can be seen in next few trading sessions.

View: It will bleed more (may be after a short retracement). Since it is showing weakness on relative strength. Momentum may continue

PS: Trade with caution or wait for some more price action.

Diclaimer: Take this view only for educational purpose. Trade on your own risk.
Happy trading!
rahuljaiswal1580
Also on:
Chart PatternsTechnical IndicatorsrelativestrengthTrend AnalysisTrend Line Break

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.
Chart PatternsTechnical IndicatorsrelativestrengthTrend AnalysisTrend Line Break
rahuljaiswal1580
Also on:

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.