Jubilant Food – Price Analysis – Medium Term Overview
Above is the weekly chart of jubilant food works the stock future closed the day 1371.35 on 02 September 2014, the stock is highly bullish as from chart above one can clearly see the horizontal channel it has been trading in since march 2012. Now yet again the price is at its resistance level.
One previous two occasions the stock has faced resistance in this range of 1350-1400, once it breakout of this range and hurdle is sustained expect a rally in the stock to life time highs. My target for jubilant food for investors would be 1750-1800 in coming months based on the price action on chart.
Stop loss of 1285 below close one can invest for a price target of 1750-1800