For JFL, 1130-1090 is a strong support zone
And consecutive closing below that, it may fall up to 1000-925 zone
Persistent decline in SSSG for Yum (KFC/Pizza Hut) may also weigh on JFL;
Falling sales in QSR industry may also indicating tepid consumer mood in India also
CMP: 1180
Sell either below 1140-1130 or on rise around 1250-1300;
TGT: 1090*-1000-940-925 (1-3M)
TSL> 1330
Note: Consecutive three days closing above 1330 for any reason, JFL may rally up to 1368-1400* and 1460-1500-1550-1580 zone in the short to mid term (alternative bullish scenario)
Analytical Charts:
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