1 week ago

Analysts Highlight Tata Power, JK Paper, Tinna Rubber Trades

Three stocks have been identified as possible short-term buying opportunities.

They are Tinna Rubber and Infrastructure, Tata Power, and JK Paper.

Analysts study price charts, support levels, momentum, and trading volumes before making these suggestions.

Tinna Rubber recently moved above a downward trend channel and is holding above Rs 1,055.

JK Paper also broke above a downward channel and is holding above Rs 407.

Tata Power is recovering near an important weekly support area.

Each recommendation includes target prices and a level where investors may consider limiting losses.

These are technical market views, not guarantees of future performance.

Key facts

Tinna Rubber recommendation: Buy recommendation; targets Rs 1,121-1,153; stop-loss Rs 983.
Tinna Rubber levels: Breakout zone at Rs 1,055; immediate support at Rs 1,029.
Tata Power recommendation: Buy up to Rs 360; targets Rs 398 and Rs 428; stop-loss Rs 340.
Tata Power support: The Rs 340-343 zone, weekly trend line, and 200-week EMA are identified as important support areas.
JK Paper recommendation: Buy at Rs 395-400; targets Rs 421-434; stop-loss Rs 368.
JK Paper levels: Breakout zone at Rs 407; immediate support at Rs 391.
Recommendations by: Canara Bank Securities covered Tinna Rubber and Infrastructure and JK Paper; Choice Broking Research covered Tata Power.

businesstoday.in · 1 week ago