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Mehul Kothari recommends Buy on JM Financial, Nazara Tech; Check Why

According to the technical analyst from Anand Rathi, JM Financial can rally to Rs 78, while Nazara Technologies can gain up to Rs 830.

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Mehul Kothari Mumbai
JM Financial
Buy Near: Rs 70
Target: Rs 78
Stop Loss: Rs 66

We are witnessing a fresh range breakout in JM Financial and the price action is accompanied with rising volumes. Further, the stock has managed to close above its 200-day moving average. The daily RSI (14) is on the verge of range shift.

Thus, we advise traders to buy the stock near Rs 70 for a target of Rs 78 in the coming sessions.

Nazara Technologies
Buy Above: Rs 765
Target: Rs 830
Stop Loss: Rs 730

On September 09, 2022, Nazara Technologies underwent a sharp breakout above Rs 730 mark and that was along with heavy volumes.

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First Published: Sep 23 2022 | 8:03 AM IST

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