Buy Jindal Saw for target of Rs 217: Nirmal Bang
Nirmal Bang has advised traders to buy Jindal Saw for target of Rs 217.
By ET Bureau |
MUMBAI: Nirmal Bang has advised traders to buy Jindal Saw for target of Rs 217.
“Huge cash volumes were witnessed in Jindal Saw and the technical oscillators are also well placed in the positive zone. The stock is well placed above its 50 DMA of Rs 199. Immediate resistance seen at Rs 203 and if we see a stability above Rs 203 then a strong upmove could be seen in this stock. Buy the stock with stoploss of RS 197-195 for target of Rs 217,” the report said.
“Huge cash volumes were witnessed in Jindal Saw and the technical oscillators are also well placed in the positive zone. The stock is well placed above its 50 DMA of Rs 199. Immediate resistance seen at Rs 203 and if we see a stability above Rs 203 then a strong upmove could be seen in this stock. Buy the stock with stoploss of RS 197-195 for target of Rs 217,” the report said.
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