Cup formation based breakout out with huge volumes.
Target 880 + 0.5 (27) = 1035.
Aggressive investors can buy 50% now and 50% on any retracement.
Conservative investors can look for a possible retracement towards 900 levels. However chances of missing out prevail.
Quality - Good
Valuation - Fair
Financial Trend - Flat
Delivery Percentage - Good
Number of FIIs holding stake have decreased from 157 to 150 in Sep 17
Breakout on strong Volume
Entry - 130.65
Target - Target: 149
Stop Loss - 122.65
Share has made break out from Falling Wedge pattern. Falling Wedge pattern is shown in highlighted area. Last Candle made by share was Marubozu (shown in black box) with good volume. RSI is also supporting Price rise (shown by blue lines). Share is Bullish now.
Jubilant foods is showing a contraction in weekly charts, however volume strength suggests that the scrip is being accumulated.
Gradually increase accumulating till it reaches 663 (Use position sizing).
Keep a SL at 642 & look for targets of 752.
as there is big move in card but stock will post bed result as expected as basis opf chart and if stock take level of 730 and trade above that then stock target 750++ and if stock not suistain above 730 then stock will down by 4-7% after result.. as result normal or bad.