Everest Kanto has strong resistance around 126 to 127 levels: Rohit Shinde
From 117, Everest Kanto was looking to go up but again cracked went below that to 110 again went up to 117 again people expecting a breakout again below to 110.
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| Rohit Shinde, Head Technical Research, Nimbus Wealth Management,in a chat with ET Now talks about Everest Kanto.
Your views on Everest Kanto?
From 117 it was looking to go up but again cracked went below that to 110 again went up to 117 again people expecting a breakout again below to 110.
Now again it has bounce back this time the bounce is little bit sustainable around 120 levels but again there will be a very strong resistance around 126 to 127 levels.
So I would feel that going ahead it will be very tough for the stock.
Your views on Everest Kanto?
From 117 it was looking to go up but again cracked went below that to 110 again went up to 117 again people expecting a breakout again below to 110.
Now again it has bounce back this time the bounce is little bit sustainable around 120 levels but again there will be a very strong resistance around 126 to 127 levels.
So I would feel that going ahead it will be very tough for the stock.
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