Emargin Positional Pick Buy Jubilant Ingrevia Ltd For Target Rs. 950 - HDFC Securities
Emargin Positional Pick Buy Jubilant Ingrevia Ltd For Target Rs. 950 - HDFC Securities
TECHNICAL OBSERVATIONS
* Stock price has broken out on the daily chart with higher volumes.
* Stock price is forming bullish higher top higher bottom formation on the daily and weekly chart.
* Short term trend of the Stock is positive where it is trading above its 5 and 20 day EMA
* RSI oscillator is placed above 60 and rising upwards, Indicating strength in the current uptrend
* Plus, DI is trading above -DI while ADX line is placed above 25, Indicating momentum in the current uptrend.
* Considering the Technical evidences discussed above, we recommend buying Jubilant Ingrevia at CMP of 763 and average at 725 for the upside targets of 858 and 950, keeping a stop-loss at 690
Buy Jubilant Ingrevia Ltd Up to 3 Months @ Average level 725 CMP 763 TGT 950 SL 690
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