Binani Industries remains positive: Amit Harchekar, IIFL
If the stock closes above 142 levels, it may rally towards 175.
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| In a chat with ET Now, Amit Harchekar, Sr. technical Analyst, IIFL talks about Binani Industries.
Your views on Binani Industries?
The stock has finally broken out from a rectangular pattern and if 142 levels are violated and if the stock is able to close above that level, we might see the rally in this stock extending all the way towards 175. So the medium term trend continues to remain pretty positive. So if you are initiating long at current levels, you need to place a stop at 130 levels.
Your views on Binani Industries?
The stock has finally broken out from a rectangular pattern and if 142 levels are violated and if the stock is able to close above that level, we might see the rally in this stock extending all the way towards 175. So the medium term trend continues to remain pretty positive. So if you are initiating long at current levels, you need to place a stop at 130 levels.
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