Big Move Loading in JUBLFOODJubilant Food works is currently trading at ₹461.35, positioned critically just above its multi-year horizontal support zone of ₹410-420.
This blue support line has repeatedly defended the stock in 2020,2023, 2024 and now in 2026.
Making the current area a high-stakes inflection point after a prolonged distribution phase following the 2021 peak near ₹918 and the 2025 high near ₹796. The chart displays a classic higher-low base formation over 7 years, but repeated failure to break the descending trendline connecting the 2021 and 2025 tops signals ongoing selling pressure at higher levels.
The latest monthly candle shows weakness with a 3.6% decline on moderate volume, indicating short-term bearish momentum, yet the broader structure remains intact as long as support holds.
A strong reversal with high volume from the ₹410–420 zone could trigger a significant bounce. Entry: Near ₹420–430.
Target 1: ₹550–600 (initial resistance).
Target 2: ₹700–750 (major upside extension).
Target 3 (Long-term): ₹820–880 over 12–24 months if the descending trendline breaks decisively.
With strict stop below ₹390 (weekly close). This invalidates the long-term support structure and could lead to deeper correction toward ₹300–350.
Other end,
We have to keep bearish scenario also in mind. Breakdown below ₹400 with rising volumes would confirm weakness and shift the bias lower. In that case, avoid fresh longs and consider short-term selling opportunities toward ₹350.
Long
