Jubilant food is near to major support zone. If price hold above support zone then we can see good reversal. My plan to buy only if breaks the trendline after taking support form that levels.
JUBILFOOD cmp 458, breakout above the upper TL of the falling channel, has the potential to move to 490 (ultra short term) and 550 (short to medium term)...view becomes invalid below 410....disclaimer: this is not a trading recommendation, posted for education purpose only. Pls consult your financial advisor before taking any trades
Overview: Jubilant Foodworks is poised for a bullish trendline breakout. This setup presents an excellent opportunity for traders to enter the market with well-defined risk and profit targets.
Entry Point: Initiate a buy order at or above 491 INR, aligning with the breakout above the descending trendline resistance, indicating a potential upward trend.
Stop...
Jubilant food has been underperforming since few years.
Stock has formed strong positive RSI divergence at confluence of supports.
Above 500, reversal will start and above 600 , reversal will be confirmed.
Valuation wise, not a good stock but RSI divergence stock are known to give quick, big moves.
All positional traders shouldn't miss this stock
Fundamentals
🍕 Shareholding Pattern:
Promoters hold a significant stake of 41.94%, indicating strong confidence in the company's prospects. Institutional investors, including mutual funds and DIIs, collectively hold 22.13%, demonstrating sustained interest and confidence in the company's growth trajectory. Foreign institutional investors (FIIs) hold 27.75%,...
Our previous trade hit the stop loss, here is a new buy setup on the weekly time frame, You can accumulate shares from this price point with an immediate target of 500 and a long term target of600+
Taking reversal from buying zone. Formed a hammer on weekly timeframe. SL and target price marked.
This only for educational purposes, trade at your own risk
As per weekly chart set up, the following is observed :-
1. Positive crossover in MACD just below centre line is going to take place.
2. RSI reversal from oversold zone seen.
3. Weekly green candle seen which is a positive for upcoming days or trend changed candle.
So, 480 and 500 levels can be seen in the stock in next coming days. So, 460 call option or...
I've been studying this stock for the past few months, and here is a new buy opportunity that you will regret if you do not grab it now, you can take this is swing trade...
Pls check our previous analysis too which worked pretty good.
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JUBILANT FOODWORKS- JUBLFOOD
JUBLFOOD is currently trading at a Weekly support zone of 440-460.
CMP is 448.
I'm seeing a good swing trade with around 20-25% gains from here.
I will add more positions if getting 470-480. My stoploss would be below 400-410.
I'm expecting a recovery till 470 & 485. then will add more for big target
Disclaimer - Do not...
SYMBOL - JUBLFOOD
JUBLFOOD is currently trading at an important support zone of 450-430.
CMP is 440.
I'm seeing a trading opportunity here.
I'm taking long positions in march futures & 460 CE (CMP 5.95-6) both. I will add more position if getting 432-434. My stoploss would be below 425.
I'm expecting a recovery till 470 & 485.
Disclaimer - Do not...
Please read the notes on the chart and act accordingly.
Disclaimer:
I am not a Registered Analyst with SEBI and it is only for educational purposes. Please consult your financial advisor before making any decision. I will not be responsible for any of your profits or losses.
Jubilant FoodWorks Limited is one of the India’s largest food service Company.
It holds master franchise rights for two international brands, Domino’s Pizza and Dunkin' Donuts.
It has also launched its first homegrown brand – Hong’s Kitchen in Chinese cuisine segment.
Fundamentals:-
CMPis more than Book Value, Graham Number & Intrinsic Value.
Stock PE is near...
