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Short term EW analysis on JUBILANT FOODWORKS

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JUBILANT FOODWORKS (NSE:JUBLFOOD)  
AmPe_stockanalytics  
NSE:JUBLFOOD   JUBILANT FOODWORKS
Trend Analysis Wave Analysis elliotwaveanalysis elliottwaveprojection elliotwavecount JUBLFOOD jubilantfood jublfoodtips jublfoodtrade
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trendanalysis waveanalysis elliotwaveanalysis elliottwaveprojection elliotwavecount jublfood jubilantfood jublfoodtips jublfoodtrade
C leg of the correction seems to have been started.
Wave 2 is in completion zone so if wave 2 is completed then the price pattern should respect the trendline which is drawn on the chart. If wave 2 is not completed the we will have to revise the trendline.
If W2 is completed and trendline is not breached then SL can be nearest swing high and one can ride the trend.

Note: Pattern gets violated only if price breaches the invalidation point.
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