JK Cement has potential to touch Rs 345: Ventura
Bharat Gala, president, Ventura Securities, is of the view that JK Cement can open up for target upto Rs 345.
By ET Bureau |
MUMBAI: Bharat Gala, president, Ventura Securities, is of the view that JK Cement can open up for target upto Rs 345.
“For the past one year, JK Cement has been trading in Rs 125-180 zone. Recently the stock made a high of Rs 195, crossing previous seven months high.
Once the stock starts trading above Rs 196-197, the stock will open for Rs 203-222-269-298-345 levels. Supports are at Rs 175-169- where as Rs 160-157 is heavy buy area.
Two consecutive closes below Rs 155 negates the above view,” Gala said.
“For the past one year, JK Cement has been trading in Rs 125-180 zone. Recently the stock made a high of Rs 195, crossing previous seven months high.
Once the stock starts trading above Rs 196-197, the stock will open for Rs 203-222-269-298-345 levels. Supports are at Rs 175-169- where as Rs 160-157 is heavy buy area.
Two consecutive closes below Rs 155 negates the above view,” Gala said.
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