#JAGRAN WEEKLY CHART VIEW!!
Jagran Prakashan Ltd. is consolidating in a narrow range right above the support zone and the breakout from the downtrend line comes at 45 level.
Probable resistance post breakout comes at 52 level.
Technical parameters look positive as of now.
Keep a watch.
Stock : JAGRAN
CMP : 39
Current PE : 3.3
8 Years Average PE : 13.1
Entry Range : Above 40
Stop Loss : Below 36 ~ 10%
Positional Target : 50 - 55 ~ 30%
Long Term Target : 200 - 250 ~ 500%
Allocation : 5%
Pros:
High ROCE and ROE
Healthy margins
Promoters shareholding increased
Buy JAGRAN
Buy Range: 113-115.50
SAFE TGT 117
THEN NEXT TGT (LITTLE RISKY) 119/123.50
SL: NOT NEEDED.
If opens below 113, avoid. if opens between 113-114.10 target will be 115.50 / 119
Small traders always book first target.
Expecting Short Work As Its Near to It's Resistance Area. It's my point of view please do your research as well, let's see what happens after few days :) :)
