JUBILANT FOODWORKS Daily NSE Stock Chart Technical Analysis:
The stock price again opened gap up today and higher than its open, but the close was below the mid-point of the intraday range. Close & CMP: 590
Market Outlook:
- The stock price could fall, don't buy right now, wait.
- In fact, there might be a chance to take a short position with targets at 550 and 530, if the stock indeed falls tomorrow or on Friday.
Technical Indicators:
- The Deliberation candlestick formation has occured on the chart, a negative signal.
- The stock is majorly oversold, a negative signal.
- The price is facing resistance from the Fibonacci 23.6% Retracement level, a negative signal.
JUBILANT FOODWORKS Daily NSE Stock Chart Technical Analysis
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