Here's a comprehensive technical analysis of Jubilant FoodWorks Ltd (NSE: JUBLFOOD) based on weekly chart setup
Long-term uptrend still intact despite deep corrections.
RSI Analysis (14)
Current RSI: ~52.4 (neutral zone)
RSI crossed above signal line recently → bullish divergence
No overbought or oversold signals, momentum is improving
Entry: CMP
Stop-loss: ₹645 (below structural support)
Targets:
T1: ₹729 (~7.1%)
T2: ₹813 (~19.5%)
T3: ₹920 (~35%)
Risk/Reward Ratio: 3.91 — Excellent for a positional trade
Bullish Triggers
Price trading above 0.5 fib
RSI recovery from 40–50 range
Sideways structure looks like a base formation
Multi-month consolidation around demand zone
Bearish Risks
If ₹645 zone breaks, price can test ₹611 or even ₹538
RSI falling below 50 again could invalidate the breakout
Bias: Moderately Bullish
Holding View: 3–12 months
Upside Potential: 19–35%
Downside Risk: ~5% (managed with stop-loss).
Let me know your thoughts.
this idea is paper trade only. Not a recommendation.
Long-term uptrend still intact despite deep corrections.
RSI Analysis (14)
Current RSI: ~52.4 (neutral zone)
RSI crossed above signal line recently → bullish divergence
No overbought or oversold signals, momentum is improving
Entry: CMP
Stop-loss: ₹645 (below structural support)
Targets:
T1: ₹729 (~7.1%)
T2: ₹813 (~19.5%)
T3: ₹920 (~35%)
Risk/Reward Ratio: 3.91 — Excellent for a positional trade
Bullish Triggers
Price trading above 0.5 fib
RSI recovery from 40–50 range
Sideways structure looks like a base formation
Multi-month consolidation around demand zone
Bearish Risks
If ₹645 zone breaks, price can test ₹611 or even ₹538
RSI falling below 50 again could invalidate the breakout
Bias: Moderately Bullish
Holding View: 3–12 months
Upside Potential: 19–35%
Downside Risk: ~5% (managed with stop-loss).
Let me know your thoughts.
this idea is paper trade only. Not a recommendation.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.