Technical Pick – Jubilant Life sciences
• Jubilant life sciences is finding support at 630 and resistance above 692.
•On Daily chart, stock is showing trendline breakout point above 692
level. Break and sustain above 692 will see nonstop rally till 750 - 760 and
then to 780+++ in weeks to come.
With this breakout the volume has also increased which increases the
reliability of the breakout
•MACD too has given the positive crossover (Buy signal) which indicates
that upper side seems certain in it.
For positional trade, stop loss seeing below 630 on closing basis which
is unlikely to breach in near terms.
More will update soon!!!
