JUBILANT FOODWORKS - TRENDLINE BREAKDOWN (BEARISH SETUP)
JUBLFOODBEARISH 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!
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