Jubilant FoodWorks – Bullish Reversal from Demand Zone

🟢 Technical Overview:

• Demand Zone Bounce: Price recently tested a strong demand zone around ₹660–₹670 and bounced, signaling potential institutional buying interest.
  
• Moving Averages: Price is now trading above all major EMAs (21, 50, 100, and 200 EMA), indicating short-term and long-term bullish momentum.
  
• Break of Structure (BOS): Recent BOS on the upside confirms trend continuation after a higher low formation.
  
• Volume Confirmation: Noticeable volume spike on the demand zone bounce, adding conviction to the move.
  
• Relative Strength (RS): RS line turning green on both Daily and Weekly timeframes, showing
  outperformance relative to the broader market.
  
• Sector Strength: Consumer/FMCG sector is showing rotation and strength, which adds a macro tailwind to the setup.
  

🧠 Why this setup?

• Trend Alignment: The stock is forming higher highs and higher lows—classic uptrend behavior.
  
• Low-Risk Entry: The demand zone provides a natural support level, offering a favorable risk-to-reward ratio.
  
• Consolidation and Expansion: After a healthy consolidation, price is showing signs of expanding upwards—ideal for swing traders.
  

⚠️ Risk Management Note:
Always size your position based on your risk tolerance. This setup is based on technical analysis and price action only—no fundamental view is considered.

📌 Summary

• Strong bounce from demand zone
  
• RS turning positive – indicating outperformance
  
• Sector support and bullish structure
  
• Clean entry with nearby invalidation (stop loss)