Food

Uptrend likely to resume in Jubilant Foods, VIP Inds, says Vaishali Parekh


Web Exclusive

Both the stocks seem to have bottomed out after a decent correction and now indicate a trend reversal on the charts, says the technical analyst from Prabhudas Lilladher

Topics


Buzzing stocks | Market technicals | stocks technical analysis

technicals

technicals

BUY JUBILANT FOODS


CMP: Rs 3,689


TARGET : Rs 4,200-4,250

STOP LOSS: Rs 3,550

The stock has witnessed a decent correction from the peak of Rs 4,590-level and has bottomed out near the previous support base of Rs 3,590 levels followed by improvement in the bias with signs of reversal indicated and immense potential anticipated on the upside.

The RSI also has flattened out after the steep fall and is well placed near the oversold zone showing signs of a trend reversal and has potential to rise further in the coming days. We suggest to buy and accumulate this stock for an upside target of Rs 4,200-4,250 keeping the stop loss of Rs 3,550. CLICK HERE FOR THE CHART

BUY VIP INDS


CMP: Rs 543


TARGET : Rs 630-650


STOP LOSS: Rs 510

The stock has been overall in a rising trend with recently witnessing a short correction and taking support near the significant 50-EMA level of Rs 500 and regaining strength to improve the bias. The RSI also has indicated a trend reversal to signal a buy and is well placed with strength and potential to carry on the momentum still further upside.

With the chart looking attractive, we suggest to buy and accumulate this stock for an upside target of Rs 630-650 keeping the stop loss of Rs 510. CLICK HERE FOR THE CHART

Disclaimer: The author is a technical analyst with Prabhudas Lilladher. She may have positions in one or more stocks mentioned above. Views are personal.

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.


We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Mon, November 01 2021. 07: 41 IST

Read More

Related posts
Food

Food Security Scheme extended till March

Food

CHP investigates two suspected food poisoning clusters

Food

Khairy: Food poisoning incidents in Malaysia still under control

Food

GOOD FOOD vs PUNISHMENT FOOD CHALLENGE Funny Food Challenge by#foodiechallenge#

LET'S BE FRIENDS

Get exclusive recipes,
tips and more!

Leave a Reply

Your email address will not be published. Required fields are marked *