Buy Sun Pharma, Jyoti Structures, Praj Ind: Nooresh Merani

Written By Unknown on Selasa, 07 Januari 2014 | 14.02

Jan 07, 2014, 12.26 PM IST

Nooresh Merani of Analyse India recommends buying Sintex Industries with a target of Rs 40 and Praj Industries with a target of Rs 55.

Tags  Nooresh Merani, Analyse India, Sun Pharmaceutical Industries, Jyoti Structures, Praj Industries, Sintex Industries

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Buy Sun Pharma, Jyoti Structures, Praj Ind: Nooresh Merani

Nooresh Merani of Analyse India recommends buying Sintex Industries with a target of Rs 40 and Praj Industries with a target of Rs 55.

Like this story, share it with millions of investors on M3

Buy Sun Pharma, Jyoti Structures, Praj Ind: Nooresh Merani

Nooresh Merani of Analyse India recommends buying Sintex Industries with a target of Rs 40 and Praj Industries with a target of Rs 55.

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In CNBC-TV18's popular show Bull's Eye, Nooresh Merani of Analyse India shares his trading strategies for the day.

One may buy Sun Pharmaceutical Industries . The stock was declining in a bullish flag pattern for the last few weeks. It has given a breakout above Rs 588 which gives us an initial target of Rs 620 and target of Rs 650-700 in the medium term. One can buy the stock at current levels keeping a stoploss at Rs 575.

One may buy Jyoti Structures . Maintaining a bullish stance on the stock and good breakout seen above Rs 28-28.50, we expect a target of Rs 45 in the medium term. An intraday target price would be placed at Rs 35 and stoploss at Rs 30.

One may buy Praj Industries . The stock has given a triangle breakout yesterday which has a target implication of Rs 55-65 in the short-term. One can buy the stock at current levels with a stoploss at Rs 47 and intraday target of Rs 55.

One may buy Sintex Industries . The stock has given a cup and handle breakout above Rs 35-36 which gives us a target of Rs 50 in medium term. Intraday target would be placed at Rs 40 and stoploss at Rs 35.



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