Jubilantfood
Jubilant foodworks long opportunityNSE:JUBLFOOD
Stock -> Jubilant Foodworks
TimeFrame -> Weekly
Hello all!
Jubilant FoodWorks Broke its earlier Resistance trendline (trendline 1) on August 21 after which it had a dream run till October 2021. It has corrected by almost 48% since then and has now retested trendline 1. This I believe makes a good opportunity to go long!
There are multiple other factors that further strengthen my conviction:
-The break of trendline 2
-Formation of an inverse head and shoulder pattern
-Bounceback from Fibonacci Golden zone(50% - 61.8%)
Risk-averse traders should wait till stock closes above the yellow zone. Although accumulation in small quantities can be done.
*NOT A CALL*
#jubilantfoodworks #nifty #technicalanalysis #swingtrading
Jubilant Foodworks Chart Analysis !!📈 Jubilant Foodworks 📉
My Findings :-
1. Breakout from a swing high.
2. Close above March high.
3. Higher High and Higher Low formation.
Bias- Long
Target- 689 and 788
SL- 530
RR- 1: 3
All Important Supports and Resistances are drawn in chart.
All levels are of Spot and on closing basis.
Disclaimer : Consult Your Financial Advisor Before Taking Any Decision On This Analysis.
jubilant food-potential swing setup against its current trendjubilant food works after being hammered solid its near its potential buying zone
pretty oversold in the channel as you can seen
also jubilant has completed the classic ab=cd pattern, expecting at least a 0.382 to 0.5 retracement(marked on far right)
0.5 retracement also happens to be the old swing high where liquidity is expected to be sitting
jubilant has corrected almost 45% and this might be a good time to start buying this stock if you believe in his story
Jubliantfood is a positional BuyJubliantfood is trading above the average and resistance trendline, this stock trading near the support zone and it may take trend reversal also so its a positional buy. buy above@2840 and to the target1@2988 and target2@3049.
Why we like it:
Trading above average and resistance trend line, its a positional buy
Near support:
2697
Near resistance :
3055
Jubilant Food - Long/Short OpportunityLong/Short Opportunity -
Jubilant food is creating a mystery because on the day & 1-hour timeframe chart it is showing a downtrend & on the 15M timeframe chart, it is showing starting of the uptrend. The CPR is narrow and on the upside, which means there is a bullish move is expected, but the CCI is neutral so we have to wait for the confirmation for the move. If the first candle closes above the 0.618 level of fib retracement i.e. 2948.90 then there will be a long opportunity.
🍕 #jubilantfood Swing Opportunity 🎯NSE:JUBLFOOD
📌 To Trade on This Chart, You Should Have Reversal Trading Knowledge. As Harmonic is One Of The Best Reversal Trading Strategy, But Always Remember That Harmonic Patterns Also Can Fail (there is no holly grail In Stock Market). That's Why One Should Must Have Knowledge Of Reversal Trading To Trade On Harmonic Patterns.
📌 That Dash Line Is Called PRZ, From That Dash Line To that Horizontal Simple Line Area Is Whole PRZ(Price Reversal Zone).
******whatever charts or levels sharing here or on any other platforms are just for educational purpose only, Not A Recommendation To Buy Or Sell. Please do your own analysis before taking any trade on them. We are not SEBI registered.
JUBILANT FOODWORKS | PIZZA DOESN'T LOOK TEMPTING ANYMOREJubilant Foodworks trading in a rising wedge and seems there was distribution going on from the last few trading sessions.
Jubilant Foodworks looking good to Sell if it sustains below 4090 for the marked lower targets on the chart until 4180 is intact on the upside.
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
Breakout in Jubilant FoodWorks...Chart is self explanatory. Entry, Targets and Stop Loss are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
Target 1 (18%) achieved in Jubilant FoodWorks. Target 2 is ON...This is follow-up on Jubilant FoodWorks. Can check link to related ideas.
Target 1 achieved. More than 18%. Target 2 is ON.
Chart is self explanatory. Entry, Targets and Trailing Stop Loss are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.