Well after long time Jaiprakash Associate is trying to break out of this channel and Stochastic Oscillator along with MACD are also showing positive signs on the weekly charts.So one should go long above 135 with stop loss of 124 on closing basis for a target of around 165.Looking at the cement stocks performing fabulously in the recent days,one should definetly take long position in the stock,if it holds above 135.
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