JUBLFOOD Probable price action

Based on the recent price action for Jubilant FoodWorks Ltd (JUBLFOOD), the stock shows a bullish trend in the short term:

1. The stock closed at ₹670.5 on February 14, 2025, up 1.27% from the previous close.

2. JUBLFOOD has been in an uptrend since late January 2025, rising from ₹638.65 on January 27 to the current price of ₹670.50.

3. The stock has shown strong momentum, breaking above the ₹700 level in early January before a brief pullback.

4. Recent price action indicates a recovery from the pullback, with the stock forming higher lows and higher highs since February 12, 2025.

5. The stock is trading above its 50-day moving average of ₹699.307, suggesting bullish sentiment in the medium term.

6. Volume has been above average in recent sessions, with 4,032,606 shares traded on February 14, compared to the average volume of 2,001,293.

7. The stock is showing strength relative to its 52-week range, currently trading closer to its year high of ₹796.75 than its year low of ₹421.05.

However, traders should note some potential resistance levels:

1. The stock may face resistance near the ₹700 level, which it failed to hold in early February.

2. The year high of ₹796.75 could act as a strong resistance if the uptrend continues.

Overall, the price action suggests a bullish short-term outlook for JUBLFOOD.