Jubilant Foodworks trading in bearish trend for long time and has been unable to break the trend, it is forming a descending triangle pattern, It closed last week on strong support 893.00 and seem to go upward from there with a target of around 1100.00 in near term. traders may go long on this stock, but be cautious of breakout downward, it breakout occurs exit...
Moving in an important demand zone. Earlier it has respected it. This time the Bulls are getting weaker and it has entered into the demand zone. Volumes are high in red candles.
It is been observed that the price action is reaching out to the previous strong and major monthly support levels where the price action generally retraces back due to high buying pressure. There is one more week is remaining in this month end that shall define further trend. Now, it looks in a safe zone until it breaks and close below 915 levels. This chart is...
JUBLFOOD formed H&S pattern in daily chart but stock looking still weak if not able to hold current level you will see 900 or if break 900 then 800-700 also can be in your screen.. support level for JUBLFOOD 990-936-900 and Resistance Levels for JUBLFOOD 1140-1172-1200-1240
It is been observed that the price action firstly breaks out from a symmetrical triangle formed on a daily chart. The price action touched the price levels of 915 which was previous support levels and bounced back quickly to 1080 levels which is previous support of the triangle acting as resistance. Now the price action is retracing and it shall go further down to...
