Avoid IVRCL: Vijay Bhambwani
"I would not want to buy the stock other than being a very high risk, high return kind of a trader because IVRCL has its upsides kept at 45 odd levels."
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| Updated: Vijay Bhambwani, Author, CEO, BSPLindia.com (Technical Check) in an interview with ET Now talks about IVRCL.
What is the call on IVRCL?
IVRCL over the weekly and monthly charts is in declining channel. So what you are seeing is basically a pullback rally. Now the day you see markets either consolidating or remaining under pressure the stock will surrender more ground then the overall benchmark headline indices.
I would not want to buy the stock other than being a very high risk, high return kind of a trader because IVRCL has its upsides kept at 45 odd levels. So, the risk reward ratio other than for high risk punters does not seem to be very favourable for including these in your portfolio.
What is the call on IVRCL?
IVRCL over the weekly and monthly charts is in declining channel. So what you are seeing is basically a pullback rally. Now the day you see markets either consolidating or remaining under pressure the stock will surrender more ground then the overall benchmark headline indices.
I would not want to buy the stock other than being a very high risk, high return kind of a trader because IVRCL has its upsides kept at 45 odd levels. So, the risk reward ratio other than for high risk punters does not seem to be very favourable for including these in your portfolio.
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