Jubilant FoodWorks resumes its uptrend!!!

Jubilant FoodWorks resumes its uptrend Jubilant FoodWorks Limited (NSE: JUBLFOOD) was trading around ₹484.55 on September 28 after reversing from the ₹477-475 support cluster and breaking out from a short-term channel. Why it matters The ₹477-475 zone combines the 40-day moving average near ₹475 with the 61.8% retracement of the previous ₹461-502 rally. The stock then reversed sharply from this area and broke out of the channel. Daily and hourly momentum indicators also showed positive crossovers. The published technical setup identifies ₹527 as the previous swing-high level and ₹475 as the stop-loss level. These are analyst-published levels, not my independent price prediction. My view The channel breakout and recovery from the ₹475-477 support cluster have improved the short-term structure. Holding this support area is important for maintaining the setup. What I am watching ₹475-477 is the key support zone. Sustaining above this area keeps the analyst-published ₹527 level in focus. A decisive move below ₹475 would weaken the setup.