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.