NSE:JUBLFOOD Jubilant Foodworks I think it's in 3rd sub-division. If the structure is in 3rd sub-division wave, it indicates chart is strong with fundamentals. Now recent correction retraced below 0.618 and recovered above golden ratio with perfect abc correction. Normally target for wave 2 is 50% to 61.8% of wave 1 and it's completed. I think stock will go up near reverse retracement 1.618 of wave 1.
Target: - 1) Target for wave 3 reverse retracement 1.618 of wave 1 = 1350/-