Technical Positional Pick - Buy Jubilant Ingrevia Ltd For Target Rs. 800 - HDFC Securities
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Technical Positional Pick - Buy Jubilant Ingrevia Ltd For Target Rs. 800 - HDFC Securities
TECHNICAL OBSERVATIONS
* Stock price has broken out on the daily chart with higher volumes.
* Short term trend of the stock is positive where it is trading above its 5 and 20 and 50 day EMA.
* Oscillators like RSI and MFI is showing strength in the stock.
* Plus DI is trading above Minus DI, Indicating strength in the current uptrend.
* Considering the Technical evidences discussed above, we recommend buying Jublingrea at CMP of 632.7 and average at 590, for the upside targets of 715 and 800, keeping a stop-loss at 560.
Buy Jubilant Ingrevia Ltd Up to 3 Months @ Average level 590 CMP 632.7 TGT 800 SL 560
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