Jubilant FoodWorks sustains above its 45-week average!

Jubilant FoodWorks sustains above its 45-week average Jubilant FoodWorks Limited (NSE: JUBLFOOD) was trading around ₹487.05 on September 22. The stock has started sustaining above its 45-week moving average, indicating an improvement in its medium-term price structure. The stock has also formed a bullish divergence on the daily chart. This suggests that underlying momentum is improving even though recent price action has remained relatively subdued. Why it matters The 45-week moving average is now an important technical reference. Sustaining above it would keep the improving medium-term structure intact. The bullish divergence adds another technical signal to the setup. My view is that ₹475-₹488 is the key zone to monitor. Holding this range would keep the current structure constructive. A decisive move above the recent trading range would provide stronger confirmation.