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Jubilantfood

Jubilant Foodworks: Key Support Range & Upside PossibilitiesAs per the daily chart, Jubilant Foodworks is approaching a major support range between 600 - 610, providing a potential entry point for traders. The stock shows upside possibilities with targets of 640, 660, or even 679, which could be achieved within the coming week. From a technical standpoint, the Long Period RSI stands at 42, while the RSI 56 is hovering above the 50-point level, signaling a possible bullish trend emerging in the stock. Additionally, the RSI 7 is filling the distance from the major RSI, further supporting a possible upward movement. These RSI readings suggest a strengthening momentum and a potential rally in the short term. Another key factor to watch is Jubilant Foodworks' upcoming quarterly results, which are expected to be declared on October 23rd. Historically, the stock has shown a pre-results rally, and similar movement could be anticipated this time as well. In summary, Jubilant Foodworks presents an attractive opportunity with a strong support range and potential upside targets. The technical indicators and upcoming events are aligning to suggest a bullish outlook in the near term. Keep a close eye on this stock as we approach the results announcement.
NSE:JUBLFOODLong
by Sudhir-Sirohi
Breakout in Jubilant FoodNSE: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.
NSE:JUBLFOODLong
by S_Rawat
Jubilant Foodworks Ltd. | Technical Analysis and Entry StrategyJubilant Foodworks Ltd. , a prominent player in the food service industry, has recently exhibited a positive upward parallel channel pattern in its stock price movement. This pattern suggests a potential bullish trend, with the stock consistently finding support at the lower boundary of the channel. Fundamental Overview: Jubilant Foodworks Limited is a leading player in the Indian food services industry, primarily known for its flagship brand Domino's Pizza. The company has demonstrated consistent growth and market dominance, driven by its strong brand presence, strategic expansion, and a focus on delivering quality products. Key Technical Levels: Entry Condition: We are looking for the price to close above the crucial level of 513. Trade Trigger: Upon the successful close above 513, a long entry can be considered. Entry Action: Look to buy above today's high following a close above 513. Stop-Loss Placement: Refer to the stop-loss level mentioned on the chart to manage downside risk effectively.
NSE:JUBLFOODLong
by iamrk7
1
Jubilant Foodworks In Wave 3 Or Not.?NSE:JUBLFOOD Jubilant Foodworks I think it's in 3rd sub-division. If the structure is in 3rd sub-division wave, it indicates chart is strong with fundamentals. Now recent correction retraced below 0.618 and recovered above golden ratio with perfect abc correction. Normally target for wave 2 is 50% to 61.8% of wave 1 and it's completed. I think stock will go up near reverse retracement 1.618 of wave 1. Target: - 1) Target for wave 3 reverse retracement 1.618 of wave 1 = 1350/-
NSE:JUBLFOODLong
by swaaapnil
Contra Trade Idea: Jubiliant FoodworksIn all parameters, NSE:JUBLFOOD is in downtrend. However, one contra trade is looking for risk-worthy due to: 1. A (almost) Marubozu candle formation after a prolonged downtrend in daily chart. 2. Accorded by RSI +ve divergence 3. Per Ichimoku strategy: a. Price is crossing the T (Tenkan) line b. K (Kijun) line is becoming flat, means going to attract price towards it. It is placed at 513 c. Chilu Span is showing an uptick Cash: BUY after 500 with SL of 490 for a target of 510/514. Alternatively: BUY 500 Jan-25 Call Option at 7-9 for a target of 15/20, SL: 5. If price moves above 15, one can carry it for 20 with a TSL of 14.50.
NSE:JUBLFOODLong
by pradipandsuvra