Jubilant Organosys should find a strong support at 300: Devang Visaria

Devang Visaria, Chief Strategist, devangvisaria.com in a chat with ET Now gives his take on Jubilant Organosys.

Have you taken a look at Jubilant Organosys?

There is a big barrier in the monthly and quarterly charts of Jubilant Organosys at around 380 levels because that happens to be the all time highs for this stock. So in the short term possibly, you could see a spurt to around 380 or so but if it manages to cross above 380-400 with very strong volumes then again, it is going to be one of those 50-60% baggers over the next four to six months. On the downside, stock has been seeing a lot of consolidation between 300 and 365 levels for the past four months. So 300 should be very strong support for this.