Buy JUBLFOOD at CMP (1770)for the Target of Rs .1900
Stoploss Rs .1650 ....
IF Stock falls from here then buy on dips around 1700 - 1770 (buy)...
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Vishwajeet Sharma
NSE:JUBLFOOD
In higher timeframes, stock is trading near its trendline.
A triangle pattern is also forming in lower timeframe and can give good momentum on either after breakout or breakdown.
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Jubilant Foodworks is going through consolidation phase for 6 weeks. It has formed bullish rising flag pattern. Thus, break above the rectangle is expected. Weekly RSI is at 66.81 - strong bullish. However, one has to converge expectations based on technical indicators and charts with operating factors which would drive the price upwards. At present, we don't see...
