food service company-JUBLFOOD below 1070 remain sell tgt 982

Jubilant FoodWorks Ltd stock chart Jubilant FoodWorks Ltd stock trading at 1020 with almost 9% loss. Stock already suggested as sell for long term tgt 855. From short term view, after bounce back stock achieved its first tgt 1070 and now heading towards second target 982.   Future traders must trail stop loss above 1070 and expect immediate targets around 980 to 965. Below 965 will be weekly chart breakdown for another deep downside.   Monthly chart target revised to 845 from 855. For 2016, stock was bearish and achieved all its downside targets of 1345-1205-1080 and 940. Blow 940 stock will be absolute sell or exit from yearly pivot point view.

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