The price rebounded strongly from the support zone with a high volume and rallied to change the market structure. This strong momentum increased the RSI to the 70-ish level. The price may now consolidate a bit to cool off the RSI, before giving the second leg upwards. This seems like a good time to accumulate.
The targets which I am looking at:
NSE:JUBLINDS faces resistance at levels of Rs410-420. May not break it through in first attempt.
Highly probable will take a beating at Rs418 level and take support on the lower box area before trying the new highs again.