Everonn Systems can be bought into in a range of 545-558: Ranak Merchant

In a chat with ET Now, Ranak Merchant, Technical Analyst, Sushil Financial Services Private Limited, gave his views on Everonn Systems. Excerpts:

On the charts, Everonn Systems has cooled off, 557, what would you do with this one?

Yes, After the details of the deal were announced, Everonn has cooled off from 610 levels and gone down to 549-523, so at current levels of 558, the stock can be bought into in a range of 545-558 and a short-term target can be placed at 605-610, stop loss can be placed at 540 for the stock, so beyond the trading target, nothing much can be seen on the charts.