Sell JK Cement, target price range of Rs 1032-1012: Geojit Financial Services
Sell JK Cement Ltd. at a price target price range of Rs 1032-1012 and a stop loss at Rs 1066 from entry point.
By ETMarkets.com |
Geojit BNP Paribas Financial Services has a sell call on JK Cement Ltd. with a target price range of Rs 1032-1012. The current market price of JK Cement Ltd. is Rs 1037.55 Geojit BNP Paribas Financial Services recommended to keep stop loss at Rs 1066.
The underlying has broken below the 50 DMA and the 200 DMA and is likely to move towards 1000-988 leves. Momentum indicators are coming off the overbought region and DMI- is about to cross the DMI+ from below supporting some more downside in the near term.
The underlying has broken below the 50 DMA and the 200 DMA and is likely to move towards 1000-988 leves. Momentum indicators are coming off the overbought region and DMI- is about to cross the DMI+ from below supporting some more downside in the near term.
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