Hold IVRCL stock: Mitesh Thacker
The stock met the 200-day average at 50-51 and today it is getting past those levels. The momentum that the stock was enjoying is likely to expend.
By 
| Updated:
| Updated: Mitesh Thacker, Technical Analyst, miteshthacker.com in a chat with ET Now shares his views on IVRCL.
ET Now: What is the call on an infrastructure name like IVRCL?
Mitesh Thacker: Today, IVRCL has managed to record a fresh breakout. The stock met the 200-day average at 50-51 and today it is getting past those levels. The momentum that the stock was enjoying is likely to expend.
I would hold the stock for targets in the range of 60 to 62 on the upside. So there is still about 10% broadly the stock can hit easily.
ET Now: What is the call on an infrastructure name like IVRCL?
Mitesh Thacker: Today, IVRCL has managed to record a fresh breakout. The stock met the 200-day average at 50-51 and today it is getting past those levels. The momentum that the stock was enjoying is likely to expend.
I would hold the stock for targets in the range of 60 to 62 on the upside. So there is still about 10% broadly the stock can hit easily.
Too busy to trade in stocks? Invest in Mutual Funds with ET Money!
Bookmark or read stories offline -
Download ET Markets APP
Download ET Markets APP
ADVERTISEMENT
