Breakout in Jubilant Food

Jun 15, 2023

JUBLFOOD
Trendline breakout in Jubilant foods.

Good to buy at the level of 500.
Stop Loss below @ 450.
For the Targets of 550/625/700/800/915+++

Reasons to buy:
1: Breakout of the long term Trendline.
2: Good Support form the bottom range of 420-450.
3: Just cross the 100 days moving average.
4: Breakout with good Volume.
5: Good RISK to REWARD ratio.


Thanks

Disclaimer:
This idea is only for the Education purpose , Trade your plans at your own Risk.

Oct 5, 2023

Note

We have achieved our first target of 550.

Aug 23, 2024

Trade active

After holding Jubilant Food Ltd. for a year, we are now in a favorable position. The stock has taken strong support at our previously identified level of 400.