'Beyond Rs 380, resistance at Rs 400 for Jubilant Organosys'

ET Now caught up with Anu Jain, Vice President, IIFL Private Wealth Management, India Infoline, to get her views on the outlook of Jubilant Organosys.

If you look even at a five-year chart pattern of Jubilant Organosys, the highest it has touched about Rs 380. Around Jan 2009 and a little after that, it fell to 80 points pretty much in a straight rise from that point. How do you see it if it was to cross Rs 380-384 what will happen next to this stock?

Yes. The first thing would be to scale to those Rs 380-390 odd levels. But once it crosses those levels on the charts, I can see up to about almost Rs 400. Beyond that, there would be a breakout to about Rs 420 to Rs 430. Rs 400 is going to pose a big resistance for the stock. So, beyond Rs 380-390, Rs 400 would be a strong resistance.