JUBILANT FOODWORKS - Bullish Breakout
This stock has shown a break out based on Cup and Handle pattern on Daily Time frame.f It has following attributes with strong Price action.
1) Price > 50 DMA
2) 50 DMA > 200 DMA and diverging
3) Daily vol > Avg 30 D Vol
4) Supertrend 14,3 Buy zone
5) ADX > 25 and rising - Momentum increasing
The stock will be a long term bullish trend till Target # 1 882 as marked. Once achieved further review.
The idea is for academic interest and not recommendation for investment
1) Price > 50 DMA
2) 50 DMA > 200 DMA and diverging
3) Daily vol > Avg 30 D Vol
4) Supertrend 14,3 Buy zone
5) ADX > 25 and rising - Momentum increasing
The stock will be a long term bullish trend till Target # 1 882 as marked. Once achieved further review.
The idea is for academic interest and not recommendation for investment
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