JUBLFOOD trade ideas
Jubilant Foodworks Breaks Positively from Descending TriangleStrong price action break out from descending triangle and then a confirmation back to previous resistance and now moving up to achieve targets of 1252 and 1263. Keep a stoploss at 1229
Jubilant Food - Hot Delivery in 30 Mins Chart (Buy)After a strong big green candle breakout from 1216 levels, this confirmed a uptrend momentum intact and after confirmation of previous resistance as support, it confirms a better risk reward. It shall reach to the next resistance levls of 1250 as per this 30 mins chart.
Target: 1250
SL: 1210
Bullish Signal on Jubilant FoodworksA Double bottom has formed which is a good signal with MACD showing buy signal
JUBLFOOD: It's time to BUY pizzas Key take aways:
1. Completion of 5 corrective waves
2. All Oscillators are at over oversold conditions
3. Almost no risk to high reward condition.
Markets are in down trend but for next couple of weeks a upward rally can be expected in the market due to many short covers in market, which can also support the upward rally of this overheated pizzas.
Trade safe, cheers.
