Stock of the day : Jubilant FoodWorks Ltd For Target Rs. 671.00.00 By Jainam Share Consultants
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Jubilant FoodWorks Ltd
* The stock price close at Rs. 644.55 on 29th Nov, 2024.
* Currently the stock has given bullish chart pattern formation which resemble as Inverted Head & shoulder chart pattern breakout and Retesting the Breakout on daily chart.
* At this point, the price is trading above all of its significant moving averages, indicating bullish momentum. Additionally, the Mometum Indicator RSI is trading above 60 in a positive zone.
* We expect the stock price to continue its current bullish momentum and head towards 671.00 levels considering the current price action
Buy Jubilant FoodWorks Ltd @ 652.00 Target 671.00.00 Stop Loss 641.80.00
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SEBI Registration No.: INZ000198735, Research Analyst: INH000006448, PMS: INP000006785
