Enter Jaiprakash Power on dips: Kulkarni

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Enter Jaiprakash Power on dips: Kulkarni

One can enter Jaiprakash Power Ventures on dip towards Rs 51, says Shardul Kulkarni, Sr. Technical Analyst, Angel Broking.

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Excerpts from Midcap Radar on CNBC-TV18 Watch the full show » ALSO READ See previous views by Shardul Kulkarni See what other Experts & Brokerages are saying about JaiprakashHydro See messages about JaiprakashHydro Jaiprakash Pow BSE | NSE 30/05/12 Are Mutual Funds betting on Jaiprakash Pow?

One can enter Jaiprakash Power Ventures on dip towards Rs 51, says Shardul Kulkarni, Sr. Technical Analyst, Angel Broking.

Kulkarni told CNBC-TV18, "In JP Power you have seen a strong breakout in today's trading session. You just need a weekly closing to confirm this particular breakout."

He further added, "Any dip towards the Rs 51, I think you can enter into this particular counter. The stoploss should be placed at Rs 48. This is basically a trading view wherein I wouldn't look at Rs 58 or Rs 59 target prices on case of JP Power."

Disclosure: It is possible that we have positions in the above stock and we have recommended them to our clients.