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Jul 12, 2012, 08.23 AM IST
Buy Jain Irrigation, says Sudarshan Sukhani of s2analytics.com.
Buy Jain Irrigation , says Sudarshan Sukhani of s2analytics.com.
Sukhani told CNBC-TV18, "I would trade Voltas on the upside but you have to be a little more tactical about these entries now because in a choppy market you could buy at resistance that could happen with Voltas. So you need a slide or some kind of dip in Voltas to go into it and then you can look at Rs 118-120 but just rushing into will be difficult."
He further added, "Jain Irrigation Systems is a much better stock. It is now bottoming out. It has made a base and then it moved above it. Again it consolidated. Last week it was consolidating prior to its breakout on Friday. Stocks that have consolidated and are now breaking out are candidates for more. There the need to wait for a deep correction or even a dip is not so imminent because it’s just beginning its upmove. Jain Irrigation is a buying opportunity, look at a target of Rs 95 but I think it will cross Rs 100 eventually."
Action in Jain Irrigation Systems
May 24 2013, 16:42
- in Rupee
May 23 2013, 09:33
- in Technicals