Sharing the chart to provide the insights of jubilant foodworks ltd. I am always trying to help retail traders. Things need to consider for trend analysis. 1. Market structure and trend analysis. 2. Entry point 3. Confirmation from indicators for additional support. Happy trading !!! NSE:JUBLFOOD
On Weekly Chart, Jubilant Food looks Bullish and has not broken its structure since long times. Please read my previous study on the Jubilant Food. Currently on 1 Hours Time, stock started forming HL and HH, but not on DTF.... but on higher time-frame say Weekly, structure is very strong and still intact in uptrend. Also, stock is completing its Pullback...
JUBILANT FOODWORKS NSE : JUBLFOOD Long & Short levels Buy Above : 1324 , sl-1310 Target : 1356 Sell Below : 1261 , sl -1269 Cover : 1250
Short below 1226 with the targets of blue lines