Jubiliant Foodworks - Stucked in between Supply & Demand ZonesCurrently Stock making HH HL
But has now formed a new and strong supply zone
Downside also has a strong demand zones
Expect stock to remain between 585-605 for quite some time
If not it also has a strong buffer zone demand supply at 575-615
Trade accordingly
Jublfoods
JublFood: Bullish Momentum Building for Potential UpsideJubilant FoodWorks is exhibiting bullish characteristics, with technical indicators suggesting further upside potential. Market participants should watch for a breakout above resistance levels, which could lead to a strong move higher. Keeping an eye on volume and price action will be crucial to confirming the strength of this bullish trend.
SELL JUBILANT FOODWORKSshare name : jubiLant food works
call type : sell
- share is forming a bullish butterfly pattern with ab=cd structural
- evening star on a point and tweezer top on c point
- currently share is breaking b point which is the neck of bullish butterfly pattern or you can say double top , in upcoming we can clearly see levels of 155
Thanks
JUBLFOOD 1D Time Frame AnalysisJUBLFOOD 1D Time Frame Analysis
-Price Moving in the rising channel since march 20 lows
- Try to break the channel in Dec and Feb with good volume but failed at breakout
- Break it with successful restest at channel trendlines and good volume
- Rally could lead it to 4000-4200 levels
- Good Support at 3200 levels
- can consolidate before breaking 4000 levels
Jubilant Food Near the Support LineThe stock closed near the support line and expected to come below levels if sustains below the previous low. If takes support above resistance line would be the next target.
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InvestPro India Team
JublFood Buy between 2085-2110JublFood Buy between 2085-2110
SL 2025
Target: 2135, 2155, 2165, 2178, 2185
Wait for correction, First bounce may be between 2150-2165
Else it will bounce between 2085-2110
Results scheduled on 12th Nov-20
Posting for Educational purpose only
Closing Basis means stock need to trade in range 2085-2110 between 3:20 ~ 3.30 PM
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