Buy JSW Steel, target Rs 293: Mazhar Mohammad
Buy JSW Steel at a price target of Rs 293 and a stop loss at Rs 257 from entry point.
By ETMarkets.com |
Mazhar Mohammad of Chartviewindia.in has buy call on JSW Steel with a target price of Rs 293.
The current market price of JSW Steel is Rs 266.45.
Time period given by the analyst is one month when JSW Steel price can reach defined target.
Mazhar Mohammad recommended to keep a stop loss at Rs 257. In a report he said, "For last couple of weeks this counter is moving in ascending channel on lower time frame charts and registered a fresh life time high in Friday’s session. It appears that it is on the verge of a fresh breakout which can take it to much higher levels. Hence, positional traders advised to go for long positions for an initial target of Rs 293 with a stop of Rs 257."
JSW Steel, incorporated in the year 1994, is a Large Cap company (having a market cap of Rs 65,035.32 Crore) operating in Iron and Steel sector.
The company’s top management includes Dr.Vijay Kelkar, Dr.Vinod Nowal, Dr.(Mrs.)Punita Kumar Sinha, Mr.Haigreve Khaitan, Mr.Hiroyuki Ogawa, Mr.Jayant Acharya, Mr.Kannan Vijayaraghavan, Mr.M V S Seshagiri Rao, Mr.Malay Mukherjee, Mr.N Jayaram, Mr.Sajjan Jindal, Mr.Seturaman Mahalingam, Mrs.Savitri Devi Jindal.
Company has Deloitte Haskins & Sells LLP as its auditors.
As on 30-09-2017, the company has a total of 2,417,220,440 shares outstanding.
The current market price of JSW Steel is Rs 266.45.
Time period given by the analyst is one month when JSW Steel price can reach defined target.
Mazhar Mohammad recommended to keep a stop loss at Rs 257. In a report he said, "For last couple of weeks this counter is moving in ascending channel on lower time frame charts and registered a fresh life time high in Friday’s session. It appears that it is on the verge of a fresh breakout which can take it to much higher levels. Hence, positional traders advised to go for long positions for an initial target of Rs 293 with a stop of Rs 257."
JSW Steel, incorporated in the year 1994, is a Large Cap company (having a market cap of Rs 65,035.32 Crore) operating in Iron and Steel sector.
The company’s top management includes Dr.Vijay Kelkar, Dr.Vinod Nowal, Dr.(Mrs.)Punita Kumar Sinha, Mr.Haigreve Khaitan, Mr.Hiroyuki Ogawa, Mr.Jayant Acharya, Mr.Kannan Vijayaraghavan, Mr.M V S Seshagiri Rao, Mr.Malay Mukherjee, Mr.N Jayaram, Mr.Sajjan Jindal, Mr.Seturaman Mahalingam, Mrs.Savitri Devi Jindal.
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Company has Deloitte Haskins & Sells LLP as its auditors.
As on 30-09-2017, the company has a total of 2,417,220,440 shares outstanding.
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