Aksh Optifibre might reach 26-27 levels

Shardul Kulkarni, senior technical analyst, Angel Broking, in a chat with ET Now talks, about Aksh Optifibre.

Aksh Optifibre is 20% up. What do you do with this one if you are long already and would you go long at current levels?

I would yes. I would say that if you are long you should hold on to your long positions. Going forward you can see that the stock might reach 26-27 which was the previous top. If you are not long in this particular stock then yes you can go long probably on a small dip to around Rs 20 which you might not get if you get the dip brilliant you can get it at Rs 20 buy the stock.

The stop loss for this trade would be probably at around 18. The volumes on today’s charts are very strong today if the stock is up 20% you can see another 5% to 8% going forward in the next tomorrow’s opening tick itself.