Jubilant Foodworks swiftly moving in a Parallel Channel since it got listed in the secondary market. Stock respected the channel's boundaries on several occasions. Now it is very near to its support on both log & linear (caption image) charts. Support zone range from 570 to 525 for double to four times returns probably in 1 to 1.5 years’ time duration.
Trade wisely, slow market movement can test trader/investor's patience and can lead to wrong decision. Always apply logical stop-loss for capital protection.
Disclaimer: I was allotted shares in the Jubilant Foodworks IPO (~2010) and sold them prematurely at nearly 2x, lacking wisdom back then. Holding till today would have delivered ~35x returns
Trade wisely, slow market movement can test trader/investor's patience and can lead to wrong decision. Always apply logical stop-loss for capital protection.
Disclaimer: I was allotted shares in the Jubilant Foodworks IPO (~2010) and sold them prematurely at nearly 2x, lacking wisdom back then. Holding till today would have delivered ~35x returns
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.
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.