Buy Tulip; price target 132-134: Mitesh Thacker

Mitesh Thacker, Technical Analyst, miteshthacker.com, in a chat with ET Now, gives his views on Tulip.

What is your call on Tulip?

I have got a buy on Tulip. Very good reversal pattern forming over here. The stock has gone through a big correction, now trading above the short term averages. 132 to about 134 is the price target on the upside. 115 should be the stop loss for long positions taken over here.