Buy Jaiprakash Power for Rs 74 target: Devang Visaria

In a chat with ET Now, Devang Visaria, chief strategist, devangvisaria.com, shares his views on the outlook of Jaiprakash Power Ventures.

What are you recommending your clients?

We are recommending JP Power. The stock has formed a strong double bottom formation on the monthly charts at around Rs 62 levels. We are looking for a positional target of Rs 74 and stop loss here is below Rs 61.