JP Associates has crossed its 200 DMA at Rs 255-260 and the stock now has resistance at Rs 290-300, says Ashwani Gujral, technical analyst, on CNBC-TV18. But the stock may not make new highs after that since a lot of people are stuck at higher levels and one can see selling pressure, he adds. The stock is currently trading at Rs 281, up 3.85% on the BSE
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