JUBLFOOD
, in hourly chart showing a clear downtrend after breaking one lower lows. Then after making a nice up move upto point 4 in the chart, it unables to break the double-bottoms (1 and 3) W patten. At that time the volume candle was high. So it actually reinforces the downtrend.
Lets wait for it to break down the price corresponds to point #3 in the chart (535) and then it will lead to further fall. SL the current consolidation zone (why? - if prices pushes up, it will again go on this purple rectangular consolidation zone).
Trade: Sell below 535, SL: 543, T: 530/522/518