Buy JSW Steel, says Hemen Kapadia

Hemen Kapadia, CEO of chartpundit.com is of the view that one can buy JSW Steel.

Kapadia told CNBC-TV18, "Buy JSW Steel. It has reflected strength by posting higher top higher bottom on the hourly charts. Infact the hourly MACD has signaled a buy. The stock looks good from a short term point of view. Keeping that in mind one can buy it at Rs 586 with a stoploss of Rs 581 and target of Rs 596. This is a short term call valid from an intraday point of view.