Jubilant Foodworks May Break Apr 2020 Parallel Channel (Closing Price: 3671.05)
JUBLFOOD is running under the parallel channel from Apr 2020. But this time, its downtrend power is more compared to the previous corrections. Hence, we may see an excess here likes spotted on the resistance trendline. Once it gets done, it will start an uptrend and come back to the control price.
Further information I will update due to market hours for the premium members only.
DLF: Falling, Beginning of a New Downtrend? (Closing Price: 401.15)
If you bought DLF, then don’t take it lightly. The last trading session closing price is below to support level of 407. And if it remains below that, then a downtrend will initiate again. Moreover, DLF prices may decrease up to 386 – 374 – 360.
Naukri Continues To Grind Lower (Closing Price: 5955.70)
Strong Resistance: 6182
When will Naukri stock price stop declining? The uptrend will resume after a breakout of the strong resistance level.
Next Support Level: 5500
Be ready for the levels of 5796 – 5700 – 5660.
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