#How to take #Oppurtunity in #Jubilant !Well Our pizza god JUBLFOOD is yet onto a point of liftoff but here i find multiple oppurtunites which can be done. I have tried to make it in a Tabular Form and It Might Help you to get a synopsis on what you can do!
1. Scenario 1 says a buyers trap can be initiated from 550 to 562 range, now what can you do on that? If it goes exacttly on that range we can short it till 521 and 495. There is clear exhaustion on top levels and is eminent it can eat up peoples money as it is waiting like a crocodile there. SO IF IT OPENS GAPUP WAIT 15MIN CANDLE TO GET DIRECTION. IF GOES ABOVE JUST SIMPLY WAIT TIL 550 TO 573 RANGE, and short with SL of 585. (Sl is 17.5 points on which point you sell) but you shall understand that in weekly chart it shows exhaustion as well
2. Scenario 2 says 15 Min chart shows like ETH or Ethereum Daily Chart movement. Like a parallel 90degree channel which is always emninent to break, its like building a ladder slanted and you dont know where the inclined wall is, so likely if opens flat might short at 550 levels to 518 but 560 touching is emininent.
3.Scenario 3 says if you want to take an oppurtunity to buy dont ever use range analsysis in this scrip, it backfires alot but yes you can put a buy above 15min and hold it, till tgts of 560, and dont panick if it falls below that, SL of 15.5 shall be taken froom there!
4. Scenario 4 says it needs to fall to get more of it, so 495 buys looks good for straigt target of 580 soon, but wait for retracement to happen and then do buy!
JUBLFOOD trade ideas
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 Trend AnalysisExpect support around 365 level, which lies in confluence with key support trendline.
FIIs sold a major chunk, which was bought by DII's & retail public.
Rising debt is concerning while profit figures are getting better with better sales and OPM%.
Can accumulate around 350-380 levels for the following targets:
Short term swing target @ 550 (50% ROI with 5.3 R:R)
Medium term swing target @ 750 (105% ROI with 11 R:R)
Long term positional target @ 1100 (201% with 21 R:R)
Stop loss @ 330
Do your own due diligence before taking any action.
Peace!!
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.
Price may retest to the marked level to move up.As per FIBB level price is may come down to retest it level until the marked spot from where the price may move up.
On longer time frame price is at its support.
Wait for the price to come down to the level to enter.
Also maintain SL in the system if you are buying.