JUBLFOOD: Recovery Phase with Bullish Potential
JUBLFOOD has shown remarkable recovery from its low of ₹438.70 and is now trading near a critical resistance zone at ₹710-714.
📈 Key Levels:
Resistance: ₹714 (Breakout could lead to ₹784, ₹912, and ₹1040 targets).
Support: ₹609-650 and ₹438.70.
🔍 What to Watch:
->Sustained breakout above ₹714 will confirm bullish momentum, opening doors for higher targets.
->Rejection at this level may lead to a consolidation or a pullback toward ₹650.
💡 Trading Idea:
->Long above ₹714 with a stop-loss at ₹650 and targets at ₹784, ₹912, and ₹1040.
->Wait for confirmation before entering the trade.
Volume-backed buying indicates strong interest, and breaking the trendline could further accelerate the upward move. Keep an eye on this one! 🚀
📈 Key Levels:
Resistance: ₹714 (Breakout could lead to ₹784, ₹912, and ₹1040 targets).
Support: ₹609-650 and ₹438.70.
🔍 What to Watch:
->Sustained breakout above ₹714 will confirm bullish momentum, opening doors for higher targets.
->Rejection at this level may lead to a consolidation or a pullback toward ₹650.
💡 Trading Idea:
->Long above ₹714 with a stop-loss at ₹650 and targets at ₹784, ₹912, and ₹1040.
->Wait for confirmation before entering the trade.
Volume-backed buying indicates strong interest, and breaking the trendline could further accelerate the upward move. Keep an eye on this one! 🚀
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