JUBILANT FOODWORKS LTD
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JUBILANT FOODWORKS

153

  • Price has been following the behavior observed in the bearish phase of 2015-2017.
  • Prices has currently broken out of a small range (420-470), suggesting strength.
  • As per the price pattern, Prices are likely to head to 560-580 zone.
  • Long term trend change would take a lot more price action to confirm, so position sizing is important.
  • Bullish outlook remains valid as long as prices stay above 450.

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