Hello and welcome to this analysis
The stock has been in a decline since Sept 2021, all bounces have so far been sluggish as it continues to make a lower high lower low pattern. It was removed from Nifty Next 50 hence the recent exit pressure from Index based funds
In the immediate short term due to a heavily oversold scenario a dead cat bounce appears to be in...
Jubliant Foodworks bounced from the support twice and most probably getting ready to fly.
There is a Butterfly Pattern probability on the chart, if unfolds we can see it moving towards 630 and 640 levels in the coming trading sessions.
Type of Trade: Swing Long trade
Build up on the way up
Trade with Strict SL
Price should sustain above 600-605 zone
The idea here is about Jubilant Foodworks.
Mentioned below are the points to be considered
Points as per TA on a Weekly Chart:
1. Hammer candlestick formation on a weekly chart at the time of publishing.
2. Bat Pattern Completed.
3. Ascending Triangle Formation in place.
4. Support established on 20 EMA on a weekly chart & trading below 50 EMA & above 200...
JUBLfood looks good for swing position.
(1) Bullish Butterfly Harmonic Structure (Ref. harmonictrader.com) in daily TF with Swing low in place
(2) Daily EMA cross with Price structure in change
(3) Price volume breakout in Hourly TF
The stock had seen quite a fall in the past few months.
Now it looks like it is forming a base around 2750 -2700 levels.
Immediate Resistance is at 2870 levels, not strong enough to resist prices for long.
Hence holding 2700 levels, the stock is most probably getting ready for a reversal.
BUY
basic understanding:
Stock has seen high selling pressure due to management changes and below expectations financial results. They are short term in nature and company should able to resolve it in few months. Also JUBLIANT FOODWORKS is one of the best performing stocks in last 5 years.
Technical Analysis:
JUBLIANT FOODWORKS is around 40% down from its 52 week...
SELL JUBL FOOD NEAR 3135 SL 3216 TGT 1: 3047 , TGT 2: 2973 , TGT 3: 2912
Try to book on a risk reward of 1:2 and don't wait for the exact targets as market is very uncertain. This post is for educational purpose only.
Disclaimer post: We are not sebi registered analyst, plz do your own analysis before investing. we are not responsible for any of your losses
JUBLFOOD
Buy- Above 3030
SL - 2920
Target- 3120 3240
Duration- 1 Week
Note:- I am not SEBI registered . All Views and trade setups are my personal view and my personal trade setup.
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2 possibilities of stock
can move either up or down
let the price action decide where it have to go
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thanks
have a profitable weekend a head
god bless you all
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DM for Enquires
JUBILANT FOODWORKS
DEPTH CHART ANALYSIS
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A quality Stock which has gained Massive Value in just few Days, now again ready for the gains
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its again trying to go at its original rejected area from the top
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thanks
have a Great Profitable Day
May God bless You
JUBLFOOD
IMPORTANT LEVEL: 2354-2348
BUY IF
1) Price opens at 2302-2315
Target: 2340/2348
SL: 2275
2) Price opens at 2235-2240
Starts rallying up and breaks the important level with volume and convection. Add more quantity
Target: 2375/2391
SELL IF:
1) Sell Near 2348
If the stock is not able to break the level 2348-2354
2) Sell if the lower level...
