Buy J&K Bank: Hemen Kapadia

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Buy J&K Bank: Hemen Kapadia

Hemen Kapadia, Technical Analyst at chartpundit.com has recommended buying J&K Bank at Rs 800 with a target of Rs 820.

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ALSO READ See previous views by Hemen Kapadia See what other Experts & Brokerages are saying about JK Bank See messages about JK Bank JK Bank BSE | NSE 30/05/12 Are Mutual Funds betting on JK Bank?

Hemen Kapadia, Technical Analyst at chartpundit.com has recommended buying J&K Bank at Rs 800 with a target of Rs 820.

Kapadia told CNBC-TV18, "I would like to recommend Jammu & Kashmir Bank. The stock has been moving sideways for about 20-22 trading sessions. It has also formed a small rounding bottom that's basically a bullish formation. I would have a short-term trading idea in terms of buying J&K Bank at Rs 800 with a stoploss of Rs 790 and a target of Rs 820. It would be applicable for 3-4 trading sessions."