Stock of the day : Jubilant Foodworks Ltd For Target Rs. 570 - Religare Broking Ltd
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Jubilant Foodworks Ltd
* JUBLFOOD has been gradually inching higher with rising volumes from last more than six months.
* The stock has registered a breakout from a base, holding above its short term moving averages and 50% retracement levels.
* Price pattern combined with uptick in volumes suggests bullish tone to continue.
* We thus recommend creating fresh longs in the mentioned zone.
Buy Jubilant Foodworks Ltd CMP 542.00; Range 540-544; SL 528; Target 570
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SEBI Registration number is INZ000174330
