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

Jubilant Foodworks Limited

Symbol: NSE:JUBLFOOD

ISIN: INE797F01020

582.25

As on 2024-07-24

421.05 (52W Low) 594.00 (52W High)

JUBLFOOD's Today's Performance

Jubilant Foodworks Limited started the day by opening at 561.25 today 2024-07-24. Its shares reached a high of 584.00 and dipped to a low of 557.95 in intraday. When the markets closed, JUBLFOOD’s stock price settled at ₹582.25 per share. Also check out its key support and resistance levels.

JUBLFOOD Buy/Sell Targets

Tomorrow, buy JUBLFOOD when its price reaches ₹ 582.25 with a stop-loss order at ₹ 569.08. You can set the target price as ₹ 595.43 to capture potential gains. This buy 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 1 592
Tomorrow Down Target 2 601
Tomorrow Down Target 3 618

Important Levels for JUBLFOOD

Holding Levels Value in ₹
Tomorrow Up Target 1 565
Tomorrow Up Target 2 549
Tomorrow Up Target 3 539
Based on where the stock opens tomorrow, if JUBLFOOD opens on a positive note, our first target will be ₹592. If Target 1 is achieved, we will aim for Target 2 which is ₹601.

But if JUBLFOOD falls below the average value of ₹574.73, you can enter a sell side position with target number 1 - ₹565 and second target - ₹549 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 Increasing 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 Increasing 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 bullish since stock is making higher highs and we can get target of ₹561 in morning tomorrow
Target 1 tomorrow585
Target 2 tomorrow591
Target 3 tomorrow601
 

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 ₹591.52. If Target 1 is achieved, we will aim for Target 2 which is ₹600.78.

But if JUBLFOOD falls below the average value of ₹574.73, you can enter a sell side position with target number 1 - ₹565.47 and second target - ₹548.68

JUBLFOOD's Weekly Targets
1st Up Target 594.58
2nd Up Target 606.92
1st Down Target 559.33
2nd Down Target 536.42

As the week for JUBLFOOD ended on bullish sentiments, we can expect further continuation of this sentiment. JUBLFOOD's initial target will be 594.58 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 559.33 in the upcoming week.

Weekly OHLC Values
Open 555.80
High 584.00
Low 548.75
Close 582.25

Week for JUBLFOOD started with an open price of 555.80, and the close was at 582.25. JUBLFOOD reached the highest of 584.00 and dipped lowest up to 548.75 last week. This indicates a bullish sentiment for the week.

JUBLFOOD full month swing targets
Monthly Up Target 1 629.83
Monthly Up Target 2 642.17
Monthly Down Target 1 524.08
Monthly Down Target 2 465.92

Targets of ₹629.83 can be expected to be reached in the coming month. Once JUBLFOOD achieved this target, we can aim for the next upside target of ₹642.17.

JUBLFOOD if fails to hold upside, down targets of ₹524.08 and ₹465.92 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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BAJAJ-AUTO Bajaj Auto Limited Auto Manufacturers

Summary

JUBLFOOD is expected to reach the target of 591.52 in tomorrow's trading session.

After achieving the initial target in JUBLFOOD, we will aim for higher targets of 600.78 tomorrow.

However, if JUBLFOOD starts to trade below ₹574.73, then we will shift our focus to the sell side and aim for down targets of 565.47 and 548.68.