JF Has A target Of 580-600, Below Rs 98-99, India Cements may slip to Rs 74-78

Stock Tips- 

Jubilant Foodworks after a bit of dip it has again picked up, this is now in a parabolic kind of phase, high moment phase which can easily take it up to Rs 580-600 that is a tall target but that is likely to happen because this stocks moves in large steps. Rs 315-320 is a strong resistance here and chances are that after this kind of a dip this stock finally takes out Rs 320 probably the financials are weak that is the reason its down. But I think it has got good support around Rs 255-260

Abhishek Industries is still within Rs 15-20 kind of band. It needs to move decisively past Rs 20-20.50 to show you the next move towards Rs 25

He further added, “India Cements was showing as if it is consolidating but suddenly it started to breakdown below that consolidation. In case Rs 98-99 is taken out decisively, you could see this stock going towards levels of Rs 74-78, so this cement stock is kind of breaking down.

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Jubilant Foodworks can go upto Rs 423, IRB Infrastructure looks interesting

IRB Infra was moving in a range of about Rs 240-300. In case Rs 300 gets taken out because of results then we have a further Rs 60 in the table. Jubilant Foodworks moved up quite sharply some months back and then has been consolidating. If it can stay above this level of Rs 350 then a retest of Rs 423 is possible.

HCC consolidated at lower levels around Rs 92 or Rs 100, slowly moving up. Now if it can maintain above this Rs 140-141 then we could see it trying to reach levels of Rs 160-165 but if somebody got in around Rs 100 right now is a good place to take some profits

IRB Infrastructure Developers looks interesting. It have been consolidating for about nearly 8 to 10 months and is slightly far off from a breakout but if it close at the levels it is today I think that would mean an upward bar reversal on the weekly charts. That will be very interesting to look at.

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