Bullish on Tata Coffee: Mitesh Thacker

Mitesh Thacker, Technical Analyst, miteshthacker.com, in a chat with ET Now, gives his call on Tata Coffee


What is your call on Tata Coffe?

There seems to be good action happening in tea stocks in McLeod Russel. Coffee stock like Tata Coffee is just catching up onto it. We have seen very strong price action in the last couple of days. The breakout which happened yesterday should take the stock to about Rs 915-920 which has been the earlier highs and that is the price target in the short term. Rs 865 is the recommended stop loss.