JUBLFOOD Conditional Buy IdeaAs per analysis NSE:JUBLFOOD is consolidating from last one and half months. My view is to take entry only if any 45min candle close and sustained above level of 458.00. My stop loss will be 410 (-50 points). My expected upside target will be 474, 500 & 542.00 (+82 points).
Note: This is my personal analysis, only to learn stock market behavior. Thanks.
JUBLFOOD trade ideas
JUBILANT FOOD: Bearish but wait for Pullback?Folks,
Bearish Harmonic pattern is triggered. It is a critical juncture we are in for Jubilant food.
For few weeks follow stock price levels strictly and according to market sentiment make long/short !
Below 416 -->Bearish
Above 466 -->Bullish
Target Levels are marked in Orange colour.
Trade cautiously!!
Jubilant Food WorksHello 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 the making. This could either bounce back to 500-525 or form a triangle (higher probability) as long as it holds last week low.
Overall chances of this being a bottom look slim unless it starts sustaining above 535. We might see value buying coming near 375-350.
JUBLFOODJUBLFOOD - It looks like about to BO. Its travelling in a trend. Once can enter if BO happened on the upper side 593+ .
If BO happened on the up side then the target marked it will follow. It the BO happens on the Down side then it becomes invalid.
Disc- Only for learning purpose and not a trading recommendation
Break and Retest of Inverted H&S pattern.The stock is forming Inverted H&S pattern which breaks and retest the neck line. The price is in a channel as well taking support on the trend line. Making it a confluence area. The Jubilant food could see a upside rally with initial target at upper trendline of the channel.