Friday, 24 November 2017

JUBLFOOD ; BREAKOUT ABOVE THE RESISTANCE LEVEL


WEEKLY CALL: BUY  JUBLFOOD ABOVE 1785 TGT 1820/1850 SL 1750
Primary trend of the JUBLFOOD  is bullish After showing consolidation at a higher level, now the stock is trading in uptrend, it is likely to continue the upside move in near term with the crossing of the resistance level of 1800 as the stock is managing to sustain above the level of 1750. One may get the targets of 1820,1850,1875 in the stock with the stop loss of 1730. as the stock is managing to trade above its 22& 55 and 200 days moving averages with the RSI of 70. It is likely to experience fresh buying with the crossing the level of 1815, where one may keep the targets of 1850-1900 in the JUBLFOOD.

DAILY CHART FOR JUBLFOOD:

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