Jaiprakash Associates may slip to Rs 67-68: Manish Shah

Jaiprakash Associates may slip to Rs 67-68, says Manish Shah, Head Technical Analyst, Fortune Financial Services.

Shah told CNBC-TV18, "Jaiprakash Associates is just around its resistance level. This stock is in a very strong downtrend. We have seen a rally coming in; it is a week rally."
He further added, "I think around Rs 76-77 this stock could get topped out and any first sign of weakness coming in, any reversal signals that we see and this stock could again start to show a decline around Rs 68-67 from here."