DCM Shriram, Jindal Steel: Mehul Kothari's stock picks in this volatile mkt

Despite the market volatility, the stock of JINDAL STEEL has been doing really well recently

BUY DCM SHRIRAM IND | TARGET: Rs 118 | STOP LOSS: Rs 88

The technical price structure of majority of the sugar stocks indicates positive price movement in the coming week. The stock of DCM Shriram, too, has confirmed a breakout from the range of 88 – 98 on the daily scale. The breakout was accompanied with rise in volumes which indicates accumulation. Thus, we advise traders to buy the stock in the range of Rs 101 – 97 with a stop loss of Rs 88 on closing basis for the upside potential target of Rs 118 in coming 1 –