CMP: 214.05
Tgt: 224 & 236
The daily candlestick chart of Zee Ent shows a vertical fall from Rs.245 to Rs.206. For
the past couple of sessions it is holding above Rs.210. The downward risk appears to
be limited. One can buy in declines around Rs.210-212 with a strict stop loss
below Rs.204 (preferably in close) for a pullback to Rs.224 which if sustained
Rs.236 in the next 2-3 weeks.
* Avoid gap openings and trade in cash in small quantities.
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Jyoti Struc Buy for ST
CMP: 176.65
Tgt: 185 & 198
The daily candlestick chart of Jyoti Structures shows a pullback after breakout above
the range of Rs.150-172. As long as it holds above Rs.172 in close the bias remains up.
One can buy in declines around Rs.171-174 with a strict trading stop loss
below Rs.167 for a pullback to Rs.185-186 in the next 5-6 trading sessions
and Rs.198-205 (stop loss at 158) in the next 2 -3 weeks.
* Avoid gap openings and trade in cash in small quantities.
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