#JUBILANTFOODWORKS Near huge support else we may see precvoid level
ideally we see bounce from here👇
More from Pranay Prasun
Key points : 👇
~ RSI breakout retest in weekly chart
~ HH &HL pattern ,Price action still bullish
~ Huge support as per ratio chart.
#CNXFMCG #Nifty
#ITC I drilled further by #CNXFMCG index
— Pranay Prasun (@PranayPrasun) July 3, 2021
Keypoints :
~ Near huge support as per weekly chart
~ #RSI Breakout retest #Ratiochart
Conclusion : Bounceback expected
Timeframe : Weekly , So please avoid daily movement .@piyushchaudhry @gogrithekhabri @Deishma @pratyush_rohit https://t.co/PKbi7mdoam pic.twitter.com/MUWBSX2LlB
More from Jublfood
Holding 2500 & moving past 2615 would be the 1st sign of reversal attempt
Only +ve factor "Highly oversold"-meant for aggressive traders
Conservative traders wait for some "Bull candle" formation in Day t/f https://t.co/NbwmqJxo0W
sir view on jubilant food works pls
— om namo venkatesaya (@being__trader) March 21, 2022
Jubilant Foodworks https://t.co/ZBMsHWfg7R
The selling volumes with indecisive candles tell a lot about the selling pressure. I don't think there are more sellers left in here. It is one of the biggest trades for me and my views may be biased but SL is at a cost now so I lose nothing unless it gaps down.
— The_Chartist \U0001f4c8 (@charts_zone) April 7, 2022
Jubilant Food https://t.co/M1vLYEsngf pic.twitter.com/5GOCWtgScD
~ capitulation move
~ no further selling left
~ a major TL validated on a weekly scale
~ highest R:R ratio
With such capitulation & tight SL = capital put in was 30%
Risk = 50, Reward = 350
Jubilant Food https://t.co/M1vLYEsngf
The selling climax is accompanied by volume bars of such magnitude that I highlighted in the chart. In almost all cases, they signify that even the last bull has thrown in the towel & there is no further selling left. Will observe in this case.
— The_Chartist \U0001f4c8 (@charts_zone) March 15, 2022
Jubilant Food pic.twitter.com/j7bGSdhkRW
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