The extension phase in Nifty Bank wrapped up on July 4th, 2024, hitting a fresh high. Since then, we've been in a correction phase. Now, let's zoom in on the 4-hour chart. What do we see? Multiple support levels, and they're not just any support levels: A trendline that's been holding steady since October 2023. The 200 EMA, a key moving average to keep an eye...
On a weekly chart, Jubilant Foodworks price respect's 20 EMA really well and currently it is at 20 EMA. Also, price is sitting at the 0.618 Fib levels. On a daily chart, price is respecting 100 EMA and currently consolidating at a support zone, as well as 100 EMA.