JUBILANT FOODWORKS
- 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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