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

Jubilant Foodworks Limited

Symbol: NSE:JUBLFOOD

ISIN: INE797F01020

435.65

As on 2024-04-19

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

JUBLFOOD's Today's Performance

Jubilant Foodworks Limited started the day by opening at 438.50 today 2024-04-19. Its shares reached a high of 438.70 and dipped to a low of 429.60 in intraday. When the markets closed, JUBLFOOD’s stock price settled at ₹435.65 per share. Also check out its key support and resistance levels.

JUBLFOOD Buy/Sell Targets

Tomorrow, sell JUBLFOOD when its price reaches ₹ 435.65 with a stop-loss order at ₹ 440.48. You can set the target price as ₹ 430.82 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 1 440
Tomorrow Down Target 2 444
Tomorrow Down Target 3 449

Important Levels for JUBLFOOD

Holding Levels Value in ₹
Tomorrow Up Target 1 431
Tomorrow Up Target 2 426
Tomorrow Up Target 3 422
Based on where the stock opens tomorrow, if JUBLFOOD opens on a positive note, our first target will be ₹440. If Target 1 is achieved, we will aim for Target 2 which is ₹444.

But if JUBLFOOD falls below the average value of ₹434.65, you can enter a sell side position with target number 1 - ₹431 and second target - ₹426 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 Downward path, giving us insights how its value changes in the market.

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

Tomorrow's Volume based share price Forecast for JUBLFOOD

JUBLFOOD's Volume is currently in a Decreasing trend, and Price is in a Downward direction. Therefore, we can say the stock is in a moderate bearish 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 reverse its trend from downside (Short term bullish outlook) and we can get target of ₹444 in morning tomorrow
Target 1 tomorrow438
Target 2 tomorrow440
Target 3 tomorrow444
 

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 ₹439.70. If Target 1 is achieved, we will aim for Target 2 which is ₹443.75.

But if JUBLFOOD falls below the average value of ₹434.65, you can enter a sell side position with target number 1 - ₹430.60 and second target - ₹425.55

JUBLFOOD's Weekly Targets
1st Up Target 453.20
2nd Up Target 470.75
1st Down Target 423.85
2nd Down Target 412.05

As the week for JUBLFOOD ended on bearish sentiments, we can expect further continuation of this sentiment. JUBLFOOD's initial target will be 453.20 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 423.85 in the upcoming week.

Weekly OHLC Values
Open 458.95
High 458.95
Low 429.60
Close 435.65

Week for JUBLFOOD started with an open price of 458.95, and the close was at 435.65. JUBLFOOD reached the highest of 458.95 and dipped lowest up to 429.60 last week. This indicates a bearish sentiment for the week.

JUBLFOOD full month swing targets
Monthly Up Target 1 482.55
Monthly Up Target 2 500.10
Monthly Down Target 1 394.50
Monthly Down Target 2 353.35

Targets of ₹482.55 can be expected to be reached in the coming month. Once JUBLFOOD achieved this target, we can aim for the next upside target of ₹500.10.

JUBLFOOD if fails to hold upside, down targets of ₹394.50 and ₹353.35 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 439.70 in tomorrow's trading session.

After achieving the initial target in JUBLFOOD, we will aim for higher targets of 443.75 tomorrow.

However, if JUBLFOOD starts to trade below ₹434.65, then we will shift our focus to the sell side and aim for down targets of 430.60 and 425.55.