Published on 17/08/2022 11:26:28 AM | Source: Religare Broking Ltd

Buy Jubilant Foodworks Ltd. For Target Rs. 670 - Religare Broking

Posted in Broking Firm Views - Short Term Report| #Jubilant Foodworks Ltd. #Trading Report #Religare Broking Ltd

Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel 

Download Telegram App before Joining the Channel

* Jubilant Foods has been trading in a steady long term uptrend since 2016. It experienced multiple corrective phases in between but it kept forming higher highs and higher lows while holding firmly above the uptrend trendline.

* After the phenomenal surge from the low 227 in March 2020 to a new record high of 918 in October 2022, it retraced to digest the gains and retested the support zone of long term average (200 EMA) which also coincide with the trendline support.

* The last six months of consolidation indicate the formation of a reversal pattern and it’s set for a breakout from the same now. We thus recommend participants to create fresh longs in the given range.


To Read Complete Report & Disclaimer Click Here


Please refer disclaimer at

SEBI Registration number is INZ000174330


Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaimer