Buy Bombay Dyeing: Mitesh Thacker
Keep a stop below 350, look for targets and the bounce back to continue to range of about 390, possibly to 400.
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| Updated: In a chat with ET Now, Mitesh Thacker, Technical Analyst, miteshthacker.com, shares his views on Bombay Dyeing.
What is your call on Bombay Dyeing?
Bombay Dyeing tested its 200-day average. It has corrected from 440, down all the way to 360, bounced back from there. So it is the 200-day average which is at about 360.5-361, could be a good stop loss, keep a stop below 350, look for targets and the bounce back to continue to range of about 390, possibly to 400.
What is your call on Bombay Dyeing?
Bombay Dyeing tested its 200-day average. It has corrected from 440, down all the way to 360, bounced back from there. So it is the 200-day average which is at about 360.5-361, could be a good stop loss, keep a stop below 350, look for targets and the bounce back to continue to range of about 390, possibly to 400.
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