JUBILANT FOOD WORKS
Jubilant Food Works, we are referring as a Portfolio pick from the time it gave breakout above 1400.
Stock took almost 8 months to hit its targets of 1850 with expected 32% of returns. Now stock is trading at targets given by us( made 32+% returns). Those who have the stocks in their list can book at CMP or Hold with SL at 1799 on closing basis.
Below Daily chart shows that it is forming a wedge with target price of 1900.RSI also shows some kind of negative divergence. So keep strict SL for the stock below the trend line shown in chart.
When we were recommending the stock, Stock was trading completely side ways in a channel with approximately 450 points width. Below weekly chart shows how stock moved from the time it came out of 2 years trading range.
Jubilant Food Works, we are referring as a Portfolio pick from the time it gave breakout above 1400.
Stock took almost 8 months to hit its targets of 1850 with expected 32% of returns. Now stock is trading at targets given by us( made 32+% returns). Those who have the stocks in their list can book at CMP or Hold with SL at 1799 on closing basis.
Below Daily chart shows that it is forming a wedge with target price of 1900.RSI also shows some kind of negative divergence. So keep strict SL for the stock below the trend line shown in chart.
When we were recommending the stock, Stock was trading completely side ways in a channel with approximately 450 points width. Below weekly chart shows how stock moved from the time it came out of 2 years trading range.
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