datepuru

Rising Flag Pattern

NSE:JUBLFOOD   JUBILANT FOODWORKS
Jubilant Foodworks is going through consolidation phase for 6 weeks. It has formed bullish rising flag pattern. Thus, break above the rectangle is expected. Weekly RSI is at 66.81 - strong bullish. However, one has to converge expectations based on technical indicators and charts with operating factors which would drive the price upwards. At present, we don't see strong positive undercurrent. So, price may move sideways for one more week. By then, some expectations around Q3 or Quarter ending Dec 19 would start firming up

免责声明

这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。