Sell Jaiprakash Associates with target of 80: Mitesh Thacker

In a chat with ET Now, Mitesh Thacker, Technical Analyst, miteshthacker.com, shares his views on Jaiprakash Associates Ltd.

ET Now: What is your call on the Jaiprakash Associates?

Mitesh Thacker: Sell Jaiprakash Associates. The breakdown for the stock comes in at levels of about below 86. Therefore, take part position now and sell more below 86. Keep a stop at about 90 levels and look for target of 80 on the downside.