Technically, there is higher top, higher bottom formation on a hourly chart, on a higher timeframe we see bullish candlestick and pattern formation. This indicates that the stock is being bottomed out as someone is continuously accumulating at lower level raising the demand and at higher level selling comes due to sharp rise. As currently its in strong buying zone, buy aggressively and wait for a eventual target of 520. Fundamentally, there is a expectation the consumer demand gonna rise again due to cooling inflation so expect revenues to pick up again.
Trade closed: target reached:
Jublfood is near our target price of 520, it made a high of 518, take out major profits and rest hold for 540 with trail stop loss of 500.