LKP Spade : A Weekly Pick - Buy JK Paper Ltd For Target Rs.340 By LKP Securities
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Sumitomo Chemical India Ltd
* The stock after a brief consolidation has witnessed a fresh breakout on the daily chart with volumesindicating strong momentum in the near term.
* The stock is trading well above its short term moving averages which confirms the strength in the stock.
* The RSI indicator on the weekly chart has given a positive crossover which confirms the change in trend.
Buy JK Paper Ltd @ Rs. 309 Stop Loss Below Rs. 295 CB Target Rs. 325/340 Duration 1 Week
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