Jaiprakash Asso has target of Rs 85: Thacker
Technical Analyst, Mitesh Thacker is of the view that Jaiprakash Associates is looking technically strong and has target of Rs 85. ” We looked at the target of Rs 540 for a technical bounce back on United Spirits, the stock has done that and its slightly crossed and moved up to Rs 575-580 and not much accumulation seen on the charts and it looks like a bounce back of the selling which we saw in the stock so the good play was to play for a bounce back which is over and now we.. should let the stock settle down and make some patterns and give you signals on the chart for a further prediction on the direction side.”
He further added, “Jaiprakash Associates looks technically strong and its taken a short term uptrend on today’s move we are looking a target of around Rs 85 or slightly higher than those levels in short term.”
Source : MoneyControl
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