Jaiprakash Associates can test Rs 67: LKP

Jaiprakash Associates can test Rs 67, says Rakesh Gandhi, Senior Tech Analyst, LKP.

Gandhi told CNBC-TV18, "Jaiprakash Associates has been up by 4% today, for the last four days it has not made any new low. Based on short-term charts if it stays above Rs 60 or Rs 58 level there is a probability that we could see higher levels trending up to Rs 67 or so, which is once again a very strong resistance for the stock."
He further added, "If it manages to cross Rs 67 then higher levels could be seen. In this pullback Rs 67 remains as a level that needs to be watched." Disclosure: I do not have any personal position.