Buy McLeod Russel with price target of Rs 315: Mitesh Thacker
McLeod Russel should be bought with a stop loss at Rs 279. I would look for a price target of Rs 315.
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| In a chat with ET Now, Mitesh Thacker, Technical Analyst, miteshthacker.com shares his views about McLeod Russel (India) Limited.
ET Now: What is the call on McLeod Russel?
Mitesh Thacker: Buy McLeod Russel. The stock is doing very well. It is the highest ever levels above the earlier closing of Rs 283-285 and that should be a good breakout.
In the short term, I would look for a price target of Rs 315. But if this breakout succeeds, then it could have far larger implications. For the time being, McLeod Russel should be bought with a stop loss at Rs 279.
ET Now: What is the call on McLeod Russel?
Mitesh Thacker: Buy McLeod Russel. The stock is doing very well. It is the highest ever levels above the earlier closing of Rs 283-285 and that should be a good breakout.
In the short term, I would look for a price target of Rs 315. But if this breakout succeeds, then it could have far larger implications. For the time being, McLeod Russel should be bought with a stop loss at Rs 279.
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