JUBILANT FOOD WORKS - POTENTIAL UPMOVE
Quarterly Analysis
*Narrow CPR - Inside CAM - Inside Money Zone
*Price is moving back and forth H3 and confluence of H4/R1
*Breaking above H4 would bring in quarterly initiative traders with Quarterly H5 being the target
Monthly analysis
*Narrow monthly CPR - breaking above previous month high would give a good upmove.
*price formed an extreme reversal setup near monthly cpr and below Monthly Money Zone - indicates responsive traders are in play
*the first target would be quarterly R1/H4 with stoploss slightly below (which also coincides with monthly R1/H4).
*Narrow CPR - Inside CAM - Inside Money Zone
*Price is moving back and forth H3 and confluence of H4/R1
*Breaking above H4 would bring in quarterly initiative traders with Quarterly H5 being the target
Monthly analysis
*Narrow monthly CPR - breaking above previous month high would give a good upmove.
*price formed an extreme reversal setup near monthly cpr and below Monthly Money Zone - indicates responsive traders are in play
*the first target would be quarterly R1/H4 with stoploss slightly below (which also coincides with monthly R1/H4).
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