JUBLFOOD chart is presenting us many factors for its another leg of upmove.
1. Flag pattern breakout happened couple of days back and it has broken its previous high.
2. It did a retracement to 61.8% and bounced back.
3. Volume is building up in last 3-4 sessions.
4. During Muhrat trading session, previous high acted as support.
Above 2505 on Tuesday (17-Nov) it can continue its upmove. Must have on your watchlist.
Watch my other charts to understand simple price action used for all of the analysis. Keep your charts simple and free from lagging indicators. Reach out if you wish to learn powerful technical analysis based on simple price action.
Thanks
Piyush Gupta
1. Flag pattern breakout happened couple of days back and it has broken its previous high.
2. It did a retracement to 61.8% and bounced back.
3. Volume is building up in last 3-4 sessions.
4. During Muhrat trading session, previous high acted as support.
Above 2505 on Tuesday (17-Nov) it can continue its upmove. Must have on your watchlist.
Watch my other charts to understand simple price action used for all of the analysis. Keep your charts simple and free from lagging indicators. Reach out if you wish to learn powerful technical analysis based on simple price action.
Thanks
Piyush Gupta
All studies for for learning purpose only.
These are not trade recommendations
Not responsible for any profit or loss
These are not trade recommendations
Not responsible for any profit or loss
Publications connexes
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
All studies for for learning purpose only.
These are not trade recommendations
Not responsible for any profit or loss
These are not trade recommendations
Not responsible for any profit or loss
Publications connexes
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.