Resistance at 1735 1) 4H candle rejecting 1735 2) 1D candle rejecting 1735 3) Can move towards 1650 and even 1550 if it breaks the below trend line
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A parallel channel is a continuation pattern that slopes up or down and is bound by an upper and lower trend line. The upper trend line marks resistance and the lower trend line marks support. Channel Line: The line drawn parallel to the main trend line is called the channel line. A key concept of technical analysis is that when a resistance or support level is...
Disclaimer: All charts are purely for educational and information purpose only. Invest or Trade at your own risk.
1. Daily Timeframe is showing bearish divergence. 2. Price Action made HH. 3. Indicators showing HL. Expecting a move down on the basis of Price Action.
Support of 1555 seems to be getting weaker over time short for 1450 target with 1585 as SL. Time Horizon 6-7 days from activated trade. view negates if any close over 1590
Jublfood may face resistance near 1580 levels... if broken & sustained above more upside possible
Stock should have bounced after touching lower channel line but fibonacci retracement level of 61.8% is acting like strong resistance. For me stock becomes potential buy if it breaks 61.8% level, lets hope so. Jai Hind.
At a strong support region now. It can reverse back upto levels shown. Nifty could be under selling pressure, a green candle tomorrow can confirm buy above tomorrow's high.
Short JUBLFOOD below 1545 T1: 1500 T2: 1475 T3: 1430 SL: 1596
IN COMING 2 DAYS WE CAN SEE MORE DOWNSIDE IN THIS STOCK AS TRIPLE TOP PATTERN IS FORMED.
JUBILANT is moving in a down channel/wedge for about four months now. now its retesting the trendline for a breakout / reversal
OI Analysis: Price - UP Volume - UP (nearly 2 lks high from previous day) OI - UP (+11.70%) Market - ** will decide on 27th dec** If market is positive, then Jublfood will fly to heaven (otherwise) fall to hell when market is negative. Trade: Buy above - 797 Target - 809 Stop Loss - 787 Reward Points = ...
It is been observed on the monthly chart that the price action breaks below previous important and major support levels of 970-940 indicating a big bearish move ahead. It shall now move further down to next support levels at around 750 levels in next few months. Target 1: 852 Target 2: 800 Target 3: 785 Target 4: 755 SL: 1015