Jubilant Foodworks Limited (JUBLFOOD) Stock - Complete Technical Analysis - Sep 05, 2024

Jubilant Foodworks Stock Analysis Support

Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Investing in stocks involves risks, and it's essential to conduct thorough research or consult with a financial advisor before making investment decisions.

For Jubilant Foodworks Limited, the current price stands at 645. The stock recently exhibited a Bearish Engulfing pattern, indicating potential downward pressure. Key support levels to watch are around 598 and 547, while resistance is seen near 684 and 718. The Average Directional Index (ADX) is high, suggesting a strong trend, while the MACD indicates bullish momentum but with a possible shift. The RSI is neutral, showing that the stock is neither overbought nor oversold. The Stochastic Oscillator and Stochastic RSI suggest that momentum might be weakening. The stock is trading below the Exponential Moving Averages (EMA) of 10 and 20, suggesting short-term bearish pressure, but above longer-term EMAs, indicating a possible longer-term bullish trend. The Hull Moving Average and Volume Weighted Moving Average are also indicating support at current levels. Overall, watch for price action around these levels, as they will be crucial in determining the stocks next move.