Buy Jubiland Foodworks Ltd For Target Rs.580 - Religare Broking
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Derivative Ideas
JUBLFOOD gained 0.92% and closed at 556 on 1st Jun. The stock has seen a good upmove with addition of OI implying Fresh Longs. After the stock gave a trendline breakout at 545, it has been resting in a narrow range for a couple of sessions. The chart indicators pointing towards the resumption of the up move. Holding 535, the stock is poised to see 580 levels in the coming days. We thus recommend initiating Fresh Longs as per the given levels.
Strategy:- BUY JUBLFOOD @ 545-550, SLOSS AT 530, TRGT 580.
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