Jubilant FoodWorks attempts a recovery above 20 -50 DMA

is trying to rebuild momentum after a long corrective phase. The stock has recovered from the ₹410 to ₹420 zone and is now around ₹480, just above the 20-day average near ₹471 and marginally above the 50-day average around ₹478.5. That shift matters because the stock spent most of the year below these trend markers. The company remains a direct play on urban discretionary consumption through Domino’s and its expanding restaurant portfolio. Same-store sales, store productivity and margin recovery are the numbers that matter most here, especially after a period where operating costs and softer demand pressured the sector. On the chart, the recent bounce is constructive but not yet a full trend reversal. The ₹485 to ₹500 band is the first area where supply can return. If price sustains above that zone, the recovery can extend toward ₹510 to ₹520. On the downside, ₹470 is the first support, followed by ₹455 to ₹460. My view is that the stock is improving, but the next move depends on whether buyers can convert this rebound into a higher-high structure rather than another short-lived bounce.