JUBILANT FOODWORKS LTD

Short

JUBL FOOD. continues in divergence

Updated

JUBILANT FOODS. is in negative divergence. and has closed below 20 dma today.
can first test daily kijun at 1573 . if it bounces from there. use any rise to 1640 to go short again

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tested daily kijun today

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snapshot

any bounce up to 1600 or above is a sell..

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stock tested 1629 today and correced. unable to sustain at 1630 1640 levels

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tested previsions fall support 1560. one more time it should go up..and the big fall starts probably.. short around 1600 1610

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