JUBLFOOD an interesting ABCD pattern under formation
Jubilant FoodWorks Ltd. is an interesting stock with following :
1. RSI on all time frames DWM above 60
2. Big anchor Green Candle on daily chart with high volume at weekly close
3. ABCD Pattern under formation on weekly chart
4. Major cluster of supports as under:
20 SMA (daily) 634
50 EMA (daily) 629
20 SMA (Weekly) 634
200 SMA (daily) 584
Lets See How it progresses from here further
Lets See How it Evolves.
Disclaimer: NOT A BUY / SELL RECOMMENDATION I am not an expert I just share interesting charts here for educational purpose and not to be taken as buy/sell recommendation. Please seek expert opinion before investing and trading as trading/ investing in market is subject to market risks. I do not hold any position in the stock as on date but I may look to take some position with my own Risk Reward matrix.
1. RSI on all time frames DWM above 60
2. Big anchor Green Candle on daily chart with high volume at weekly close
3. ABCD Pattern under formation on weekly chart
4. Major cluster of supports as under:
20 SMA (daily) 634
50 EMA (daily) 629
20 SMA (Weekly) 634
200 SMA (daily) 584
Lets See How it progresses from here further
Lets See How it Evolves.
Disclaimer: NOT A BUY / SELL RECOMMENDATION I am not an expert I just share interesting charts here for educational purpose and not to be taken as buy/sell recommendation. Please seek expert opinion before investing and trading as trading/ investing in market is subject to market risks. I do not hold any position in the stock as on date but I may look to take some position with my own Risk Reward matrix.
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