JUBLPHARMA Trade set up 1:14+

1 Jan

Jubilant Pharmova Limited (JUBLPHARMA) is currently showing a **bullish technical setup** with several key observations:

**Current Price and Movement**
- The stock is trading at 854.85 INR, up by 9.75 INR (+1.15%)
- The stock has experienced a significant upward movement

**Technical Highlights**
- **Breakout Characteristics**:
- Decisively broke above the 1000 level and sustaining the breakout
- Breaking out of a consolidation phase lasting over 6 years
- Indicates potential long-term uptrend

**Trading Insights**
- **Price Targets**:
- Analyst price target: 1,331.00 INR
- Potential targets range from 1,450 to 1,590
- Minimum estimated price: 1,212.00 INR

**Technical Indicators**
- Bullish engulfing candle on the weekly timeframe
- Increased trading volumes highlighting investor interest[1]
- RSI currently at 82, indicating the stock is **overbought** in the short term

**Risk Management**
- Suggested Stop Loss: Weekly close below 1,030[1]
- Risk-Reward ratio estimated at approximately 2.5

**Caution**: Always consult a qualified financial professional before making investment decisions, as trading involves substantial risks