vanathi

Jubilant foodworks feels Jubilant!

Long
NSE:JUBLFOOD   JUBILANT FOODWORKS
16
Jubilant foodworks has broken the weekly downward trendline. After consolidating with high volume , it has broken the trendline showing its bullishness. 910 - 950 is the strong support area . However there is a hidden bearish divergence in RSI . Price may reach the support line again to get support.
Or it will move upward breaking the bearish divergence. Targets are 1200, 1300, 1340, 1400 and 1470. Its a long trade! Needs patience. Always protect your profit by trail stop. Stoploss is 910.
Trade active: @1056 on 3/6/17

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