Stock to buy today: Jyothy Labs (₹207.50)

The rise in Jyothy Labs share price is gaining momentum. The stock has been rising for more than two weeks now. It has jumped about 5 percent so far this week. Support at $202-201. Below $198 is the next strong support. The moving average cross on the daily chart is also strengthening the bullish case. Therefore, the chances of maintaining the share price above $201 are very high.

Jyothy Labs share price could rise to $220-222 in the next two to three weeks. Dealers can buy now. Accumulate on dips at $202. Trail your stop loss up to $210 once the stock moves up to $214. Move your stop loss order up to $215 when Jyothy Labs stock price reaches $217. Exit long positions at $220.

(Note: Recommendations are based on technical analysis. There is a risk of loss in trading.)