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MasterTrader1949X
Mar 13, 2024 2:14 AM

Jubilant Foodworks Ltd Long

JUBILANT FOODWORKSNSE

Description

Jubilant FoodWorks Limited is one of the India’s largest food service Company.
It holds master franchise rights for two international brands, Domino’s Pizza and Dunkin' Donuts.
It has also launched its first homegrown brand – Hong’s Kitchen in Chinese cuisine segment.

Fundamentals:-
CMPis more than Book Value, Graham Number & Intrinsic Value.
Stock PE is near Industry PE.
Continuous rise in debt & debt is more than reserves.
Dividend giving stock.
ROCE & ROE Good.
Promoters holding is adequate & Less promoters are pledged.
Piotroski Score is low.

Technical:-
Demand Zone is marked as Green shaded horizontal area.
Resistances are marked as red horizontal lines.
Stoploss is marked as orange horizontal line.
Major Trendline is marked in Skyblue colour with Star marked as support points.
Price has broken down this Skyblue pattern showing weakness, which is also a triangle pattern breakdown as markedon the chart.
Price is below 200 Daily EMA & 200 Weekly EMA (White Line).
Price is Following Decending Channel, Expected to bounce from Lower trendline of Channel.
Or Price is expected to bounce from Demand Zone.


Buy 360 - 300 -200
Stoploss 180
Positional Tgt 425 - 590
Long Term 660 - 800 - 915


This idea is for Educational purpose and paper trading only. Please consult your financial advisor before investing or making any position. Facts or Data given above may be slightly incorrect. We are not SEBI registered.
Comments
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MasterTrader1949X
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divit250919
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