Monday, 11 September 2017

JUBLFOOD ; BREAKOUT ABOVE THE RESISTANCE LEVEL


BUY  JUBLFOOD ABOVE 1450 TGT 1470/1490 SL 1420
Primary trend of the JUBLFOOD  is bullish After showing consolidation at higher level, now stock is trading in uptrend, it is likely to continue the upside move in near term with the crossing of the resistance level of 1470 as the stock is managing to sustain above the level of 1450. One may get the targets of 1470,1490 in the stock with the stop loss of 1420.
as the stock is managing to trade above its 22& 55 and 200 days moving averages with the RSI of 70. 22 &55 EMA can see as a strong resistance at 1490. It is likely to experience fresh buying with the crossing the level of 1470 , where one may keep the targets of 1490-1500 in the stock with the stop loss of 1420.

DAILY CHART FOR JUBLFOOD:

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