Buy Jaiprakash Associates for the short term targets of Rs.113 and Rs.123

Though the stock is below its 50 and 200 DMAs, the chart of last 10 trading days makes it a positive buy for short term. Jaiprakash Associates closed today at Rs.102.85 on BSE. It has potential to achieve the targets of Rs.113 (9.85%) and Rs.123 (19.56%) in the short term. Remember as the long term chart is weak, when the stock achieves these targets, a trader needs to square off.