Jubiliant Foodworks - Stucked in between Supply & Demand ZonesCurrently Stock making HH HL
But has now formed a new and strong supply zone
Downside also has a strong demand zones
Expect stock to remain between 585-605 for quite some time
If not it also has a strong buffer zone demand supply at 575-615
Trade accordingly
Jubilantfoodanalysis
Jubilant Foodworks Chart Analysis !!📈 Jubilant Foodworks 📉
My Findings :-
1. Breakout from a swing high.
2. Close above March high.
3. Higher High and Higher Low formation.
Bias- Long
Target- 689 and 788
SL- 530
RR- 1: 3
All Important Supports and Resistances are drawn in chart.
All levels are of Spot and on closing basis.
Disclaimer : Consult Your Financial Advisor Before Taking Any Decision On This Analysis.