Bullish TTK Healthcare: CK Narayan, Growth Avenues Asset Advisors

CK Narayan, Growth Avenues Asset Advisors, in a chat with ET Now, gives his call on TTK Healthcare


A quick call on TTK Healthcare?

The move that we have seen today is perhaps a launch of some fresh upsides in the market. It has been in a consolidation for many weeks and that consolidation has taken on on the charts formation akin to a triangle, so you could probably say that this is a congestion breakout, a pattern breakout, which would probably have an upside of at least about 100 points upward because the size of the pattern is about 100 points, so that’s the kind of move that you can look at, 20% means that you have already consumed certain portion of it, so we may not have too much more left but then after such a sustained consolidation, an upside breakout may not really finish off at the minimum pattern target, so I would say those who are holding it should hold onto it with both hands and those who are inclined to buy it should probably even venture in and look to buy it here or on any dips. In the immediate future, you might see some profit taking coming in tomorrow from old holders that should be taken advantage of to buy.