Avoid Ispat Industries: Ashuu Kakkarr
"Looking into the news flow which is flowing in, it would be best to avoid at this point of time."
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| Ashuu Kakkarr, Technical Analyst, Market Strategist, ashuukakkarr.com in an interview with ET Now talks about Ispat Industries.
A quick word on Ispat Industries?
At this point of time, there has to be a technical pullback and a bounce. On a daily weekly chart, the stock is looking that it could bounce further. Maybe for a positional trade, could be a 24 target with a stop loss of about 16.5 but looking into the news flow which is flowing in, it would be best to avoid at this point of time.
A quick word on Ispat Industries?
At this point of time, there has to be a technical pullback and a bounce. On a daily weekly chart, the stock is looking that it could bounce further. Maybe for a positional trade, could be a 24 target with a stop loss of about 16.5 but looking into the news flow which is flowing in, it would be best to avoid at this point of time.
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