Jubilant Food - Interesting breakout and watch scenario
Chart has formed a flag pattern and shown a breakout from the narrow channel a few days ago.
Supply zone is a 2 year long area which stock is not able to breach. Excellent support at 690 range. The recent swings are forming higher low's.
Can give a breakout above the resistance area if pumped with volumes.
Can enter with small quantities for accumulation at 850-870 range, more confirmation can be seen at 900 ranges.
*View are personal, not investment advice or tips. For educational purposes only.
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Made high of 1000, close at 945