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The idea here is about Jubilant Foodworks.

Mentioned below are the points to be considered
Points as per TA on a Weekly Chart:

1. Hammer candlestick formation on a weekly chart at the time of publishing.
2. Bat Pattern Completed.
3. Ascending Triangle Formation in place.
4. Support established on 20 EMA on a weekly chart & trading below 50 EMA & above 200 EMA on weekly chart.
4. Kumo Twist & Breakout on a weekly chart is bearish & currently consolidating.
5. RSI is at 51.80 on a weekly Chart at the time of publishing.
6. MACD above signal line.
7. Hull Moving Average is a Buy Signal on Daily, monthly charts & sell on weekly.
8. Enter long if Price breaks above the resistance. In any case keep an price alert.

Projected targets as per Bat Pattern & Ascending Triangle provided in the chart.

Stop Loss: provided on chart.
Disclaimer: “The above is an idea only and not any kind of financial or investment advice. So please do your own DD (Due Diligence) before any kind of investment”.

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Trade active:
Price has broken out of Ascending triangle.


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