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Price and trend forecast of JUBLFOOD for Tomorrow, Weekly, Monthly

Jubilant Foodworks Limited

Symbol: NSE:JUBLFOOD

ISIN: INE797F01020

470.70

As on 2024-05-17

421.05 (52W Low) 586.95 (52W High)

JUBLFOOD's Today's Performance

Jubilant Foodworks Limited started the day by opening at 471.25 today 2024-05-17. Its shares reached a high of 472.50 and dipped to a low of 465.85 in intraday. When the markets closed, JUBLFOOD’s stock price settled at ₹470.70 per share. Also check out its key support and resistance levels.

JUBLFOOD Buy/Sell Targets

Tomorrow, sell JUBLFOOD when its price reaches ₹ 470.70 with a stop-loss order at ₹ 475.51. You can set the target price as ₹ 465.89 to capture potential gains. This sell position balances the risks and rewards evenly, aiming for a 1:1 risk-reward ratio.

In the sections below, we will discuss detailed share price target of JUBLFOOD for tomorrow's session along with weekly levels. Please note that these share targets analysis is only valid for tomorrow and the current trading week and month.

Important Down levels for JUBLFOOD

Downside Targets Value in ₹
Tomorrow Down Target 1 474
Tomorrow Down Target 2 476
Tomorrow Down Target 3 480

Important Levels for JUBLFOOD

Holding Levels Value in ₹
Tomorrow Up Target 1 467
Tomorrow Up Target 2 463
Tomorrow Up Target 3 460
Based on where the stock opens tomorrow, if JUBLFOOD opens on a positive note, our first target will be ₹474. If Target 1 is achieved, we will aim for Target 2 which is ₹476.

But if JUBLFOOD falls below the average value of ₹469.68, you can enter a sell side position with target number 1 - ₹467 and second target - ₹463 This average value also act as support and resistance level. When the stock is trading above the average, it will act like support area. Another important thing is, stocks usually get back to this average value when the price trades too far from avg. In simpler words we can consider the average price as a magnet.

Daily Volume chart of JUBLFOOD

Looking at JUBLFOOD, we've seen a Decreasing trend in its trading volume over the past week, which really tells us how active traders have been with this stock.

In terms of its price, JUBLFOOD has been on a Upward path, giving us insights how its value changes in the market.

Based on this, the predicted sentiment for JUBLFOOD is moderate bullish.

Tomorrow's Volume based share price Forecast for JUBLFOOD

JUBLFOOD's Volume is currently in a Decreasing trend, and Price is in a Upward direction. Therefore, we can say the stock is in a moderate bullish trend. Volume trend strength over the last month compared to the last week is -12%.

Reversal detection for JUBLFOOD

Predicted trend chart of JUBLFOOD tomorrow for price forecast
JUBLFOOD may trend may continue to be bearish since stock is making lower low and we can get target of ₹469 in morning tomorrow
Target 1 tomorrow472
Target 2 tomorrow474
Target 3 tomorrow476
 

Investferry’s trend analysis method detects short term overbought and oversold situations to identify reversal in stocks. Use this as reference for short term counter trend trades.

Combine this trend forecast with JUBLFOOD's tomorrow's target prediction and you will have a base for what can be done in the upcoming trading session.

Based on where the stock opens tomorrow, if JUBLFOOD opens on a positive note, our first target will be ₹473.52. If Target 1 is achieved, we will aim for Target 2 which is ₹476.33.

But if JUBLFOOD falls below the average value of ₹469.68, you can enter a sell side position with target number 1 - ₹466.87 and second target - ₹463.03

JUBLFOOD's Weekly Targets
1st Up Target 482.10
2nd Up Target 493.50
1st Down Target 457.15
2nd Down Target 443.60

As the week for JUBLFOOD ended on bullish sentiments, we can expect further continuation of this sentiment. JUBLFOOD's initial target will be 482.10 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 457.15 in the upcoming week.

Weekly OHLC Values
Open 464.80
High 479.95
Low 455.00
Close 470.70

Week for JUBLFOOD started with an open price of 464.80, and the close was at 470.70. JUBLFOOD reached the highest of 479.95 and dipped lowest up to 455.00 last week. This indicates a bullish sentiment for the week.

JUBLFOOD full month swing targets
Monthly Up Target 1 507.05
Monthly Up Target 2 518.45
Monthly Down Target 1 432.20
Monthly Down Target 2 393.70

Targets of ₹507.05 can be expected to be reached in the coming month. Once JUBLFOOD achieved this target, we can aim for the next upside target of ₹518.45.

JUBLFOOD if fails to hold upside, down targets of ₹432.20 and ₹393.70 can be achieved by end of this month.

For complete three weeks if JUBLFOOD is bullish, the stock may decline in the last week on the month as traders usually close their positions. So in this case, you should aim for weekly support level which will act as targets here.

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Summary

JUBLFOOD is expected to reach the target of 473.52 in tomorrow's trading session.

After achieving the initial target in JUBLFOOD, we will aim for higher targets of 476.33 tomorrow.

However, if JUBLFOOD starts to trade below ₹469.68, then we will shift our focus to the sell side and aim for down targets of 466.87 and 463.03.