Time for profit booking in Punj Lloyd: Mitesh Thacker

Punj Lloyd will beat the 200-day average at about 58 levels. So there might be some profit booking emerging or the stock might take a break around those levels.

Mitesh Thacker, Technical Analyst, miteshthacker.com in a chat with ET Now shares his views on Punj Lloyd

ET Now: What is the call on an infrastructure name like Punj Lloyd?

Punj Lloyd will beat the 200-day average at about 58 levels. So there might be some profit booking emerging or the stock might take a break around those levels. So 58 to 60 broadly for Punj Lloyd will be difficult to cross.
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