The outlook is bullish for SJVN. The inventory has begun the week by rising over 3 per cent has ended the sideways consolidation that was in place during the last three weeks. It additionally signifies {that a} contemporary leg of up transfer has begun. Helps are at ₹73.50 and ₹72.80.
Recent consumers are more likely to come into the market round these ranges and restrict the draw back. SJVN share worth can rise to ₹82-₹83 over the following two-three weeks and even sooner than that. Merchants can go lengthy at present ranges. Accumulate on dips at ₹74. Hold the stop-loss at ₹71.50. Path the stop-loss as much as ₹77 as quickly because the inventory strikes as much as ₹78.50. Transfer the stop-loss additional as much as ₹79 when the value touches ₹80. Exit the lengthy positions at ₹81.
(Observe: The suggestions are based mostly on technical evaluation. There’s danger of loss in buying and selling.)
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