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AmPe_stockanalytics
May 21, 2020 9:45 AM

Short term EW analysis on JUBILANT FOODWORKS 做空

JUBILANT FOODWORKSNSE

描述

C leg of the correction seems to have been started.
Wave 2 is in completion zone so if wave 2 is completed then the price pattern should respect the trendline which is drawn on the chart. If wave 2 is not completed the we will have to revise the trendline.
If W2 is completed and trendline is not breached then SL can be nearest swing high and one can ride the trend.

Note: Pattern gets violated only if price breaches the invalidation point.
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