JUBLFOOD
JUBILANT FOODWORKS - Swing TradeJubliant 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
JUBILANT FOODWORKS ? WHAT DO YOU THINKThe 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 EMA on weekly chart.
4. Kumo Twist & Breakout on a weekly chart is bearish & currently consolidating.
5. RSI is at 51.80 on a weekly Chart at the time of publishing.
6. MACD above signal line.
7. Hull Moving Average is a Buy Signal on Daily, monthly charts & sell on weekly.
8. Enter long if Price breaks above the resistance. In any case keep an price alert.
Projected targets as per Bat Pattern & Ascending Triangle provided in the chart.
Stop Loss: provided on chart.
Disclaimer: “The above is an idea only and not any kind of financial or investment advice. So please do your own DD (Due Diligence) before any kind of investment”.
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Jublfood trading in Darvas Box. Ready for breakout / breakdown?Jublfood is currently trading in a Darvas box. The moment it breaks either way would give massive move. On upside we could see targets of 600 in short term as that is initial resistance for the stock. On the downside 500 is a good support.
JUBILANT FOODWORKS - Base formationThe 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.
JUBLFOOD SELL SIDE VIEWSELL 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 - Multi-time Frame + Breakout?? The Indicator Used:
PANEL 1:
1) Daily Lines Plots Daily 20 (BLACK) & 50 EMA (GREY), BLUE (200 DAILY EMA ) On Lower Time Frame Charts.
2) Valuation band
KEYS: Red Faded Cloud: Over Valuation.
Grey Faded Cloud: Proper Valuation.
Green Faded Cloud: Under Valuation.
PANEL 2:
1) TE-REKAB - Proprietary Indicator
KEYS:
PB: Pullback
Blue Candle: Selling Divergence
Yellow Candle: Buying Divergence
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The analysis is my POV , hope you got bucks in your pocket to consult a financial advisor before investing :P :)
HAPPY TRADING!!!