Jubilantfoodworks
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
Jubilant Foodworks Trend analysisSharing the chart to provide the insights of jubilant foodworks ltd.
I am always trying to help retail traders.
Things need to consider for trend analysis.
1. Market structure and trend analysis.
2. Entry point
3. Confirmation from indicators for additional support.
Happy trading !!! NSE:JUBLFOOD
JUBILANT FOODWORKS | 3700 - 3720 NEXT STOP?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
Jubilant Food - Potential Bullish Scenario 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: 3178
Target 2: 3307
Always use an appropriate Risk-Reward ratio as per your strategy.
P.S: This is NOT investment advice. This chart is meant for learning purposes only and is a part of my personal journal. Invest your capital at your own risk.
NIFTY FMCG Breakout and RetestNSE: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 .
Jubilant Foodworks ties up with PopeyesJubilant Foodworks is following its long term trendline and has also tied up with Popeyes for 4 countries.
