Here’s why Mehul Kothari recommends buying Jubilant Foodworks, KPIT Tech

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BUY


Jubilant Foodworks


Buy Near: Rs 620


Target: Rs 660


Stop Loss: Rs 600


Recently, the stock confirmed a breakout above the 200-DEMA after quite some time and that indicates strength. Thereafter, the stock consolidated in a range for few trading sessions.


In yesterday’s trading session, we witnessed another range breakout with volumes. Thus, we advise traders to buy the stock near Rs 620 for a target of Rs 660 in the coming sessions.


BUY


KPIT Technologies


Buy Near: Rs 590


Target: Rs 620


Stop Loss: Rs 575


has finally broken out above Rs 595 after April 2002. The price action resembles a bullish inverse head and shoulder pattern and was supported with heavy volumes which indicates accumulation.


Thus, we advise traders to buy the stock near Rs 590 for a target of Rs 620 in the coming sessions.


(Mehul Kothari – AVP – Technical Research, Anand Rathi Shares & Stock Brokers. Views are personal).

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