We are bullish on the prospects of Jubilant Foodworks which is showing strong development within a rising trend channel in the medium long term. Rising trends indicate that the company experiences positive development and that buy interest among investors is increasing.
Please note that stock has broken the resistance at Rs 1350 level and its break upside is a a positive signal. The stock can give decent returns of head with a medium to long term perspective. Long term traders can hold with stop loss 1165.
As a disclosure our clients are long in the stock on crossing the levels of 1350.
Please note that stock has broken the resistance at Rs 1350 level and its break upside is a a positive signal. The stock can give decent returns of head with a medium to long term perspective. Long term traders can hold with stop loss 1165.
As a disclosure our clients are long in the stock on crossing the levels of 1350.
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