AnandRathi puts buy on JP Associates: target Rs 200
AnandRathi has advised buying JP Associates around the current price for a target of Rs 167 and stop loss of Rs 145.
By ET Online |
MUMBAI: AnandRathi has advised buying JP Associates around the current price for a target of Rs 167 and stop loss of Rs 145.
JP Associates, after a descent consolidation exhibits a trend reversal, rise in RSI from over sold zone indicates a medium term buy.
Based on the chart pattern developed to date, the stock is likely to get support around Rs 148.
The brokerage suggests accumulating more if the stock comes close to the support level. If it moves above Rs 200 level then it can even touch Rs 220 levels.
JP Associates, after a descent consolidation exhibits a trend reversal, rise in RSI from over sold zone indicates a medium term buy.
Based on the chart pattern developed to date, the stock is likely to get support around Rs 148.
The brokerage suggests accumulating more if the stock comes close to the support level. If it moves above Rs 200 level then it can even touch Rs 220 levels.
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