🔍 Trading Idea: Jubilant Foodworks Ltd. (NSE: JUBLFOOD)
📈 Timeframe: 1H
💰 Current Price: ₹621.55
🎯 Swing Target: ₹709 - ₹723
🎯 Options Target: ₹673
📉 Extended Retracement Zone: ₹602 - ₹630
📉 Extended Wave C Preparation Zone: ₹601 - ₹589
🛑 Stop Loss: ₹585 (Hourly Close)
📊 Analysis:
The stock has shown a sharp rebound from the extended retracement zone (A) near ₹602-₹630.
A potential breakout is forming at point (B), indicating a move towards the swing target of ₹709-₹723.
The extended Wave C preparation zone (C) at ₹601-₹589 acts as a critical support level.
Maintain a strict stop loss at ₹585 to manage risk.
🚀 Strategy:
Entry: Consider entering around current levels or on a pullback to ₹610-₹615.
Risk Management: Tight stop loss at ₹585 to protect against downside.
Exit: Take profits near ₹709-₹723 for swing traders or ₹673 for options traders.
Disclaimer: I am not a financial adviser; please consult one. Don't share information that can identify you.
📈 Timeframe: 1H
💰 Current Price: ₹621.55
🎯 Swing Target: ₹709 - ₹723
🎯 Options Target: ₹673
📉 Extended Retracement Zone: ₹602 - ₹630
📉 Extended Wave C Preparation Zone: ₹601 - ₹589
🛑 Stop Loss: ₹585 (Hourly Close)
📊 Analysis:
The stock has shown a sharp rebound from the extended retracement zone (A) near ₹602-₹630.
A potential breakout is forming at point (B), indicating a move towards the swing target of ₹709-₹723.
The extended Wave C preparation zone (C) at ₹601-₹589 acts as a critical support level.
Maintain a strict stop loss at ₹585 to manage risk.
🚀 Strategy:
Entry: Consider entering around current levels or on a pullback to ₹610-₹615.
Risk Management: Tight stop loss at ₹585 to protect against downside.
Exit: Take profits near ₹709-₹723 for swing traders or ₹673 for options traders.
Disclaimer: I am not a financial adviser; please consult one. Don't share information that can identify you.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.