Trade with caution in Jubliant Foodworks: Ashwani Gujral

Ashwani Gujral, Chief Market Strategist, ashwanigujral.com, in a chat with ET Now, gives his call on Jubliant Foodworks

What is your call on Jubliant Foodworks?

If you buy a car and say a truck comes in front what do you do you applies a break so as it moves higher keep today’s low as stop for tomorrow, tomorrow’s low as stop for day after. The day it stops rising and your stop gets taken out you exit the stock.
It was expensive at 300, it was expensive at 600, it is expensive at 900 we cannot argue about how expensive it may get. So whoever is in should use stops that is the simple way of trading any of these momentum stocks that just keep trailing stops and the day that stop is hit you can get out like you did in Titan.