Jubilant foodworks has broken the weekly downward trendline. After consolidating with high volume, it has broken the trendline showing its bullishness. 910 - 950 is the strong support area. However there is a hidden bearish divergence in RSI. Price may reach the support line again to get support.
Or it will move upward breaking the bearish divergence. Targets are 1200, 1300, 1340, 1400 and 1470. Its a long trade! Needs patience. Always protect your profit by trail stop. Stoploss is 910.
Or it will move upward breaking the bearish divergence. Targets are 1200, 1300, 1340, 1400 and 1470. Its a long trade! Needs patience. Always protect your profit by trail stop. Stoploss is 910.
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@1056 on 3/6/17