Jubilant Food Works forms Gap up in BSE

Jubilant Food Works formed a Gap up on technical chart on August 16, 2017. The high price on previous market day August 14 was Rs 1370 and the low of the day was Rs 1385 to close at Rs 1393 after attaining a high of Rs 1444. Thus it formed a gap of Rs 15 on the daily chart in BSE.

Jubilant Food Works formed a Gap up on 16/08/2017 (screen shot from tradingview)

The delivery percentage for the day when gap up was formed was 13.4%. The comparative delivery against traded quantity is shown in this picture.

Screenshot from stock edge app: delivery percentage of Jubilant Food Works in recent days. 
Read more about gap formation in the chart: The bullish Gap Up and bearish Gap Down.

(Note: This article is not about the recommendation of the stock mentioned here. This is mere a reporting of event of gap up formation. The stock may also move downward even after forming a gap up against the usual belief on gap ups. Do thorough study or consult your investment adviser before investing)

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