📈 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...
jubilant 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...
Long/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...
Jubilant Foodworks one of my favorite stocks to trade can be bought at cmp.
Can be accumulated on every dip for the given targets.
Also good for long term.
Sell Jubilant Foodworks if it sustains below 3520 for the lower marked Targets on the chart.
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
The stock has broken its previous high and looking strong to buy above 4275 for upper marked targets.
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
Jubilant 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
The stock is trading in this channel and it may find resistance at the upper yellow line (3700-3720 zone).
The stock is in a strong uptrend so wait for the price confirmation on a daily time frame before taking the entry, I would try to update the idea.
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
Pranshu
InvestPro India Team
The price rebounded strongly from the support zone with a high volume and rallied to change the market structure. This strong momentum increased the RSI to the 70-ish level. The price may now consolidate a bit to cool off the RSI, before giving the second leg upwards. This seems like a good time to accumulate.
The targets which I am looking at:
Target 1:...
NSE:CNXFMCG had formed a triangle and has given breakout now.
The Restest of an important level has been done so we can expect the index to go up.
Keep eyes on NSE:ITC , NSE:NESTLEIND , and NSE:JUBLFOOD .
