As per rising chennel started in the stock, the buy level is 530 to 540 zone which is a strong support level if Nifty does not break the exsiting up trend. With a small stoploss 515 which was earlier resitance, next level can be seen as 608 and 667 as per rising channel fibonachi extension, so in coming weeks one can look for at least 15 to 20 % rally. The main...
Prospective Trend Line has been marked on the chart, 546 is the magical number for upward swing of the stock and below 537, 539 levels have to be watched before making any decision.
Price and time levels have been marked on the chart.
Adhere to my time levels to be sure of your trade,
I am duty bound to answer all your questions.
Your trading view time to...
Jubilant Foodworks Ltd. , a prominent player in the food service industry, has recently exhibited a positive upward parallel channel pattern in its stock price movement. This pattern suggests a potential bullish trend, with the stock consistently finding support at the lower boundary of the channel.
Fundamental Overview:
Jubilant Foodworks Limited is a leading...
After BO of the level of 571, it is retesting the level..
On weekly basis if it
Option 1 - crosses > 571 then Enter Target 1 616, Target 2 643
Option 2 - crosses > 578 then Enter Target 1 616, Target 2 643
ADX - Positive Rising
RSI - Buying territory 65
cmp 508
buy for 525
if closed above 525 closing basis positional breakout will be triggered...
for 540--555--570--582
stoploss-- 480 closing basis..
cash traders support zone 480---470
cash target 555--600
Disclaimer:
I am not a SEBI Registered analyst...!!
Charts are made only for study purpose and paper trading... !!
Fib - the dip to 554 was 38.2% of the immediate swing an indication of strength. it broke out above 577. Now either we buy this counter on a dip to 577 or on a close above 586. The first tgt will be 606 and second 638.
Conclusion-When the trend is up we need to ride it to the max , coz they have the required momentum in them. So just that it is up 3% doesnt...
It is moving in upward sloping channel.
On the daily charts , it has moved out of the Flag Formation ; suggesting upside in the coming week.
It can test 588 & 617
JUBLFOOD showing signs of emerging out of a bottom formation in the past few weeks. Positives for now are :
10W/40W Cross
Higher than average volumes in past 2 weeks
Stock has given a small weekly base BO but next pivot is at ~652 which is > 10% away from here. Good to a keep a track of this stock as fundamentally it has had a couple down quarters in...
Checkout an amazing breakout happened in the stock in Weekly timeframe, macroscopically seen in Daily timeframe. Having a great favour that the stock might be bullish expecting a staggering returns of minimum 25% TGT. IMPORTANT BREAKOUT LEVELS ARE ALWAYS RESPEECTED!
NOTE for learners: Place the breakout levels as per the chart shared and track it yourself to get...
From the levels of 412 the stock has bounced up creating higher lows.
Three white soldiers is a bullish candle formation. A weekly close above 572 can push the price higher.
Immediate target of 610 and 650 in the short to medium term. Post which we can see levels of 700.
Support levels at 530, 500 and 480.
Always trade with a strict stop loss of 5-8%.
Note:...
JUBILANT FOOD: 10DEMA Golden crossover happened at 512 and also formed a rounding bottom pattern in daily chart.Higher volumes,Golden cross over ,rounding pattern suggests a move towards 575-600.(For educational purpose only)
NSE:JUBLFOOD
Jubilant Foodworks I think it's in 3rd sub-division. If the structure is in 3rd sub-division wave, it indicates chart is strong with fundamentals. Now recent correction retraced below 0.618 and recovered above golden ratio with perfect abc correction. Normally target for wave 2 is 50% to 61.8% of wave 1 and it's completed. I think stock will go up...
![JUBLFOOD: JUBLFOOD BO [Weekly]](https://s3.tradingview.com/x/xpToksSI_mid.png "JUBLFOOD BO [Weekly]")
