Line Chart Monthly Study - Jubilant Foodworks
Price Chart is making Higher High whereas RSI is making Lower Low.
Price Chart is making Higher High whereas RSI is making Lower Low.
Price Broken below the long term Support trend line and now price are below the support trend
line and is facing the important resistance.
Price momentum has been declined slowly even is the price
continue to moving upward
Sep 2014 to Sep 2015 - 1 year of long consolidation is
observed between 1000 - 1400 price range(1 yrs - 400 points)
Consolidation
breakout seen on Oct -Nov 2015 and from that level 1350 -1400, Price rose to
1870 by Jun2015 (7 months - 470Points)
Price 1400 - 1300 range is an important Resistance zone
which broken.
Now This level will act as a important Support level.
Current price is also is also on this zone.
Hence can expect the Bounce from this level toward upside.
This is an very good level to enter for investment atleast for 1 year
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