JUBILANT FOODWORKS LTDDiupdate

Jubilant Foodworks - Bullish Divergence

Jubilant Foodworks analysis
1. Bullish divergence on the daily chart.
2. The RSI (daily, 14) is clearly forming a bullish divergence as can be seen from the chart above, which indicates bullish.
3. in today’s session (20th March 2023), the relative strength of the stock is good.
4. Volume in today's session was more than average volume.
5. Bullish engulfing candle has formed

All above gives sentiment of price reaching the target as marked in chart in short term.

Note: This is just for educational Purpose.
Trading ditutup: target tercapai
Target Closed!

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