Jubilant FoodWorks Limited

• 27 December, 2024 Ruchit Thakur

Jubilant FoodWorks Limited

Jubilant FoodWorks Limited gets ready to expand and set new records, it seems like a wise long-term investment.

Please review and comprehend the weekly chart for Jubilant FoodWorks Limited. The chart indicates that Jubilant FoodWorks Limited, which has had outstanding performance thus far, is a wise investment in the 700-720 zone, which it enters after any slump. It also provides numerous opportunities for growth.

Please refer to Jubilant FoodWorks Limited's weekly chart. The stock is getting ready to break out of the ascending triangle formation and soaring quickly above the trendline support. The anticipated upward open range as shown is between 1080 and 1100 in the chart below. According to the report, there is currently a significant demand.

• Jubilant FoodWorks Limited is now doing well and has good trendline support, it is an excellent long-term investment prospect.
• The favorable position of Jubilant FoodWorks Limited may allow it to expand and achieve its objectives between 1080 and 1100.
• Since the risk-reward ratio is suitable for cash transactions, the best time to purchase the stock is between 700 and 720.
• The chart shows that the stock is poised for a massive breakout, with a target price between 1080 and 1100, as it breaks out of an ascending triangle pattern. 

Please find attached the weekly chart for Jubilant FoodWorks Limited. In addition to an upward breakout and trendline support, the weekly chart shows demand. The rising demand is reflected in the stock price.

The stock's historical record indicates that now is a good time to buy it at the current price, even after the breakout post horizontal resistance. Consequently, keep an eye out for the horizontal resistance breakthrough in the 700-720 area. Demand has risen as of this writing and may approach the anticipated range of 1080–1100.

The current objectives of Jubilant FoodWorks Limited range from 1080 to 1100. The structure of the organization was based on the rising triangle. In technical analysis, the rising triangle is a frequently utilized chart pattern. A rising trend line and a horizontal line are the results of price changes at the swing high and low, respectively. Between these two lines, a triangle is formed.

Investors may be looking for long-term purchasing opportunities in the 700-720 range due to the high demand for the stock. Because of its remarkable risk-reward profile, this company should see a boost in value during market downturns. Don't pass up the chance to purchase this stock. Invest in this company; it has a lot of potential, even in recessions.

Rich investors can buy as much stock as they need and try to sell it between 1080 and 1100, with a stop loss at about 620.

The stock or instrument may climb quickly on the upside with heavy volume and surpass the goal if there is no price movement prior to a discernible increase. Traders and investors are still interested in the volatility contraction patterns, or VCPs. To discover more about VCP patterns, visit our website or download the FxCareers app from the Google Play Store. We also provide precise pattern identification.

The weekly chart of Jubilant FoodWorks Limited shows both resistance and support. The spot chart displays each level. 

Company Profile: Jubilant FoodWorks Limited (JFL Group/Group), one of the top food service firms in emerging regions, was founded in 1995. In six markets—India, Turkey, Bangladesh, Sri Lanka, Azerbaijan, and Georgia—its Group network consists of 3,130 stores. Hong's Kitchen, an Indo-Chinese QSR brand in India, and COFFY, a café brand in Turkey, are two of the Group's own brands. It also holds franchise rights for three international brands: Domino's, Popeyes, and Dunkin'.

Disclaimer: This expression is commonly used to convey that the content or material being seen is solely for educational reasons and should not be utilized for anything else. This example is just for educational purposes and should not be used commercially.