Buy JSW Energy, can move towards Rs 85: Pritesh Mehta

Pritesh Mehta of IIFL told CNBC-TV18, "JSW Energy was in the bear market for last six months. It has seen constant selling pressure from the levels of Rs 120 and made a low of Rs 59. Thereafter it made a sharp recovery, during the time when entire market was in sell-off mode, the stock did well. In the process, it has given a breakout from bullish head and shoulder pattern, I believe that once the levels of Rs 78 is conquered on a closing basis, the stock could provide a swift move towards Rs 85. So buy this stock with stop loss Rs 73."At 15:12 hrs JSW Energy was quoting at Rs 75.70, up Rs 0.40, or 0.53 percent. It has touched an intraday high of Rs 78.50 and an intraday low of Rs 72.90.