Anand Rathi Investment Services has recommended Jupiter Wagons Ltd (JWL) as a strong buy for investors looking to accumulate in the ₹525-495 range. The stock, which has experienced a correction of nearly 40% from its peak of ₹746, is now showing signs of a recovery, with its price turning from the 200-day Exponential Moving Average (DEMA).
Technical Outlook:
- Breakout from the falling trend line on the daily chart indicates a potential uptrend.
- The stock is close to its previous demand zone, offering a compelling opportunity for accumulation.
Anand Rathi has set Target 1 at ₹700 and Target 2 at ₹760, with a stop loss at ₹390.
Disclaimer: Stock investments are subject to market risks. Please read all related documents carefully before investing. The information provided in this article is for informational purposes only and should not be construed as financial advice. Consult your financial advisor before making any investment decisions.
