Jubilant Foodworks Limited
Long

JUBLFOOD Strength at Support Indicates a Potential Rally Ahead

57
JUBLFOOD — Multi-Timeframe Technical Analysis

Monthly Timeframe:
JUBLFOOD is showing strong support on the EMA, with the first key support area positioned near the 580 level. This zone has historically acted as a major demand area, suggesting potential accumulation.

Weekly Timeframe:
The stock is currently trading near the 570–590 support zone, where the Supertrend indicator is also providing confirmation of support. Sustaining above this zone could trigger a potential reversal or upward momentum.

Daily Timeframe:
Both the quarterly and monthly pivot levels indicate strong support between 575–591, reinforcing this area as a crucial price base from a pivot-point perspective.

4-Hour Timeframe:
On the lower timeframe, JUBLFOOD is moving within a falling channel and forming a descending broadening wedge pattern near the 580 support zone. This structure suggests a possible bullish reversal if the price holds and breaks above the upper trendline.

if this level is sustain then we may see higher prices in stock.

thank you!!

Haftungsausschluss

Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.