Jubilant Foodworks Poised for a Trendline Breakout: Entry and Ex
Overview: Jubilant Foodworks is poised for a bullish trendline breakout. This setup presents an excellent opportunity for traders to enter the market with well-defined risk and profit targets.
Entry Point: Initiate a buy order at or above 491 INR, aligning with the breakout above the descending trendline resistance, indicating a potential upward trend.
Stop Loss: Set a stop loss at 440 INR to protect against unforeseen reversals and minimize potential losses.
Profit Targets:
T1: 469 INR, capturing early profits below the entry due to initial pullbacks.
T2: 518 INR, slightly above the breakout point, potentially a new support zone.
T3: 653 INR, aiming for a significant return based on historical highs and technical projections.
Rationale: The technical breakout is supported by Jubilant Foodworks' robust market position and growth potential, offering a strategic entry with clear exit points for maximizing returns while managing risks.
Entry Point: Initiate a buy order at or above 491 INR, aligning with the breakout above the descending trendline resistance, indicating a potential upward trend.
Stop Loss: Set a stop loss at 440 INR to protect against unforeseen reversals and minimize potential losses.
Profit Targets:
T1: 469 INR, capturing early profits below the entry due to initial pullbacks.
T2: 518 INR, slightly above the breakout point, potentially a new support zone.
T3: 653 INR, aiming for a significant return based on historical highs and technical projections.
Rationale: The technical breakout is supported by Jubilant Foodworks' robust market position and growth potential, offering a strategic entry with clear exit points for maximizing returns while managing risks.
Dagangan aktif
T1, and T2 are reachedDagangan ditutup: sasaran tercapai
Target reach, 38% return in just 3 - 4 months
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.