Swastik24

Jubilant Foodworks Trend Analysis

NSE:JUBLFOOD   JUBILANT FOODWORKS
Expect 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!!
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