Buy IRB above 175; target 190: Mitesh Thacker
"IRB had a very good price and volume action yesterday, good additions in the open interest segment. 175 is some kind of resistance."
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| Updated: Mitesh Thacker, Technical Analyst, miteshthacker.com, talks to ET Now on IRB stock.
What is your call on IRB?
I have got a mix of buy and sell strategies today. You will have bad days in markets but still there will be some pockets of strength. IRB had a very good price and volume action yesterday, good additions in the open interest segment. 175 is some kind of resistance.
The stock prices close at about 173, so I would wait for 175 to be taken out. My belief is that once the breakout happens, this stock price could go to 190, so buy above 175, target of 190, stop at about 168 over here.
What is your call on IRB?
I have got a mix of buy and sell strategies today. You will have bad days in markets but still there will be some pockets of strength. IRB had a very good price and volume action yesterday, good additions in the open interest segment. 175 is some kind of resistance.
The stock prices close at about 173, so I would wait for 175 to be taken out. My belief is that once the breakout happens, this stock price could go to 190, so buy above 175, target of 190, stop at about 168 over here.
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