Sell GMDC with; could hit target of 152: Mitesh Thacker

In a chat with ET Now, Mitesh Thacker, Technical Analyst, miteshthacker.com, shares his views on GMDC.

ET Now: What is your call on GMDC?

Mitesh Thacker: I have a sell call on GMDC. A double top pattern and negative cross over on some of the moving averages with the negative divergences could be seen. This could probably head towards targets of 152 which is the 200 day average for the stock price and 178.5 should be the stop loss over here.