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.
JUBLFOOD CONFIRMS THE UPTREND AND About to give the breakout upper level. Strictly follow the levels.
Purely for study purpose.
Risk and Riward ratio--> 10:10
Best of luck.
Jubilant Foodworks is going through consolidation phase for 6 weeks. It has formed bullish rising flag pattern. Thus, break above the rectangle is expected. Weekly RSI is at 66.81 - strong bullish. However, one has to converge expectations based on technical indicators and charts with operating factors which would drive the price upwards. At present, we don't see...
