nalysis of Jubilant Foodworks Limited Option DataBullish Sentiment: Given the low PCR Vol of 0.149, it suggests that traders are more interested in call options than put options, indicating a bullish sentiment in the market for Jubilant Foodworks Limited.
Active Trading: The significant open interest and the high number of contracts (4825) traded suggest active participation and interest in this stock's options.
Price Movement Expectation: With the spot price close to the strike price and a 28.03% change in the option's closing price, there could be expectations of price movement around the strike price of 500.00.
Position Build Up: The reading "Position Build Up" indicates that traders are actively building their positions, which could further support the bullish outlook if these are primarily call positions.
This data suggests that traders are expecting potential upward movement in the stock price of Jubilant Foodworks Limited and are positioning themselves accordingly through call options.
Demand zone: 22.20 - 18.80
Jublfoodtrade
JUBLFOOD // Analysis for Swing tradewww.tradingview.com
JUBLFOOD : After making 52w LOW in recent past, it is now recovering from there supported by massive volume. The RSI on daily timeframe has already crossed 51 which is the first barrier towards bullishness.
Levels:
Buy: If it crosses 470 level on daily timeframe and sustains there. The StopLoss would be 445. The first target in Swing trade will be 505. After that you can trail it till its reversal.
Jubilant FoodWorks: Breaking Out of Falling Wedge Pattern SignalJubilant FoodWorks (JUBLFOOD) has formed a falling wedge pattern in the daily timeframe, indicating a potential bullish reversal. The recent breakout from this pattern suggests increasing bullish momentum. Traders may view this as a signal to enter long positions, with targets set based on the pattern's projected move. However, confirmation through volume and price action is advisable for a more robust trade decision.
JUBILANT FOODWORKS - Base formationThe stock had seen quite a fall in the past few months.
Now it looks like it is forming a base around 2750 -2700 levels.
Immediate Resistance is at 2870 levels, not strong enough to resist prices for long.
Hence holding 2700 levels, the stock is most probably getting ready for a reversal.
JUBLFOOD SELL SIDE VIEWSELL JUBL FOOD NEAR 3135 SL 3216 TGT 1: 3047 , TGT 2: 2973 , TGT 3: 2912
Try to book on a risk reward of 1:2 and don't wait for the exact targets as market is very uncertain. This post is for educational purpose only.
Disclaimer post: We are not sebi registered analyst, plz do your own analysis before investing. we are not responsible for any of your losses