KingJB76

JUBLFOOD : Next candle is crucial

NSE:JUBLFOOD   JUBILANT FOODWORKS
JUBLFOOD is working itself upwards in an ascending channel .

In order to test the upper resistance of the channel, it has to break above 1357 & 1374.

If it has to retrace and test the lower support from today's levels, it has to break down below 1330 & 1315 leading to a fall to 1272 first.
Trade active: It fell a lot today. It will now look to test the lower support line before retracement.
Trade active: It is retracing back. Closed at 1295.20 today. Forming a Symmetrical Triangle on Daily TF. Breaking below 1290, it can test 1276 levels.
Trade active: Broke below 1290 and closed at 1269 today.