Balmer Lawrie may break out on upside: Mitesh Thacker

In a chat with ET Now, Mitesh Thacker, Technical Analyst, miteshthacker.com, shares his views on Balmer Lawrie.

ET Now: What is the call on Balmer Lawrie?

Mitesh Thacker: Balmer Lawrie is slightly interesting stock. Though again a stock which is not on the very liquid side, the stock has been basically doing a range of about 570 to 535 for last 12 to 15 weeks and there is a chance that it might break out on the upside.

Should that happen, 615-620 is the price target which the stock can hit in the short term.