### **Jubilant FoodWorks Ltd (Weekly Time Frame) – Bullish Harmonic Reversal Setup**
📊 **Stock:** Jubilant FoodWorks Ltd (NSE)
Jubilant FoodWorks has completed a **Bullish Harmonic Pattern** near the **D point**, where the price is taking support from a strong long-term demand zone around **₹410–₹380**. After an extended downtrend, the stock is showing signs of buying interest, indicating a potential medium-term trend reversal.
### **Technical Outlook**
* ✅ Bullish Harmonic Pattern completed.
* ✅ Price is holding above the Potential Reversal Zone (PRZ).
* ✅ Strong support established in the **₹410–₹380** demand zone.
* ✅ Recent bullish candle suggests buyers are defending the support area.
* ✅ A weekly close above the immediate resistance could confirm the start of a new uptrend.
### **Trading Plan**
* **Missed Proper Entry:** ₹415–₹420
* **Entry:** ₹455–₹470 (after bullish confirmation)
* **Stop Loss:** Below ₹380
* **Target 1:** ₹525
* **Target 2:** ₹600
* **Target 3:** ₹633
### **Risk Management**
Maintain a strict stop-loss below **₹380**. A weekly close below this level would invalidate the bullish harmonic setup and could lead to further downside.
> **Conclusion:**
> Jubilant FoodWorks is trading near a significant long-term support after completing a bullish harmonic pattern on the weekly timeframe. The recent bounce from the demand zone indicates that buyers are gradually regaining control. If the stock sustains above the breakout level and buying momentum strengthens, it has the potential to rally towards the **₹600–₹633** resistance zone over the coming weeks to months. Wait for confirmation before initiating fresh long positions.
**Disclaimer:** This analysis is for educational purposes only and should not be considered investment advice. Always conduct your own research and follow proper risk management before investing or trading.
📊 **Stock:** Jubilant FoodWorks Ltd (NSE)
Jubilant FoodWorks has completed a **Bullish Harmonic Pattern** near the **D point**, where the price is taking support from a strong long-term demand zone around **₹410–₹380**. After an extended downtrend, the stock is showing signs of buying interest, indicating a potential medium-term trend reversal.
### **Technical Outlook**
* ✅ Bullish Harmonic Pattern completed.
* ✅ Price is holding above the Potential Reversal Zone (PRZ).
* ✅ Strong support established in the **₹410–₹380** demand zone.
* ✅ Recent bullish candle suggests buyers are defending the support area.
* ✅ A weekly close above the immediate resistance could confirm the start of a new uptrend.
### **Trading Plan**
* **Missed Proper Entry:** ₹415–₹420
* **Entry:** ₹455–₹470 (after bullish confirmation)
* **Stop Loss:** Below ₹380
* **Target 1:** ₹525
* **Target 2:** ₹600
* **Target 3:** ₹633
### **Risk Management**
Maintain a strict stop-loss below **₹380**. A weekly close below this level would invalidate the bullish harmonic setup and could lead to further downside.
> **Conclusion:**
> Jubilant FoodWorks is trading near a significant long-term support after completing a bullish harmonic pattern on the weekly timeframe. The recent bounce from the demand zone indicates that buyers are gradually regaining control. If the stock sustains above the breakout level and buying momentum strengthens, it has the potential to rally towards the **₹600–₹633** resistance zone over the coming weeks to months. Wait for confirmation before initiating fresh long positions.
**Disclaimer:** This analysis is for educational purposes only and should not be considered investment advice. Always conduct your own research and follow proper risk management before investing or trading.
Note
8% profit RunningNote
Today Superb Move on Jubilant FoodWorks LtdNote
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🚨 Strictly maintain SL and manage risk.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.