JSPL resumes its down trend, says Sukhani

JSPL resumes its down trend, says Sudarshan Sukhani, s2analytics.com.

Sukhani told CNBC-TV18, “JSPL is in a clear downtrend now. The rally which we saw was a bear market rally. It has already made bearish patterns. It has resumed its bear market and that is very bearish.”
On Jan 16, share closed at Rs 429.45, down Rs 13.80, or 3.11%. It has touched an intraday high of Rs 447 and an intraday low of Rs 428.10.
It has touched its 52-week high Rs 663.40 and 52-week low Rs 321.10 on 17 February, 2012 and 12 September, 2012, respectively. It trades 35.27% below its 52-week high and 33.74% above its 52-week low.
 
Market capitalisation stands at Rs 40,146.44 crore.