Breakout Stocks: How to trade Jubilant FoodWorks and Finolex Industries on Monday
Jubilant FoodWorks has formed a strong resistance zone at 700, with sustained buying pushing the stock upward. A breakout from a Cup and Handle pattern signals renewed bullish momentum. The stock trading above key moving averages confirms the uptrend, while a positive DMI+ crossover and ADX above 30 indicate strengthening bullish momentum and strong underlying strength.