Jyoti Structures may test Rs 21, says Rajat Bose

Rajat Bose of rajatkbose.com told CNBC-TV18, "In Jyoti Structures there is a price volume breakout yesterday. It is actually showing signs of a turnaround at least in stock prices; I am not too certain about its fundament turnaround. However, there is definitely a move possible towards Rs 21 because at Rs 21.25 the 200 day exponential moving average is there. So if at all there has to be some kind of recovery it should get past that 200 day exponential moving average. So, my final target there is Rs 21. Prior to that there is a target at Rs 19.65, I have kept a close stop loss around Rs 17.85.""Take Solutions is another good chart. Among the midcaps, it looks pretty good. In fact the targets that I have kept are pretty conservative, Rs 185 and Rs 187. It closed yesterday at Rs 177.55 and I have kept a stop loss at Rs 170.80. This stop loss has been deliberately kept slightly stretched because I am expecting it to even go beyond Rs 187. Hence, this stretched stop loss, so, Rs 170.80 is your stop loss and Rs 187 is the final target for today," he said. "Dishman Pharmaceutical had good volume and good performance yesterday, its chart and structure looks good, Rs 343 is the stop loss, Rs 363 and Rs 370 are the two viable targets for Dishman Pharmaceutical."