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Sell JP Associates on rally: E Mathew
Published on Fri, Jul 18, 2008 at 16:55 , Updated at Fri, Jul 18, 2008 at 18:45
Source : CNBC-TV18
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Technical Analyst, E Mathew is of the view that one should sell Jaiprakash Associates on rally. Mathew told CNBC-TV18, "Even though JP Associates is participating in a rally, I would advocate a sell on rally because even now to me the stock doesn’t look like it is out of its major downtrend. At best I think one could look for a target of round about Rs 175-178. At higher levels, I would advocate coming out of this stock and I would rather be with the earlier two counters that I spoke of." Disclosure: It is safe to assume that analyst & his clients may have an investment interest in the stocks/sectors discussed.
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Future prospects for this share look good for LT investment for 2-3 years but presently, its undertone is bearish....
in Jaiprakash Asso - vkk43 at 12-Oct-08 05:46
Very Good Stock limited Downside
Thanks for your optimism. Keep it up. Jan-Feb. is a bit far, looking to the present market conditions. Havings said...
in Jaiprakash Asso - vkk43 at 12-Oct-08 08:20
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