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.
JUBLIANT FOODWORKSBUY
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 high. it is trading in strong support range from 2500-2600 levels and 200 week ema. RSi is also in over sold levels.