Time to take profits in Aditya Birla Nuvo: Mitesh Thacker, miteshthacker.com

Mitesh Thacker, Technical Analyst, miteshthacker.com, in a chat with ET Now, gives his views on Aditya Birla Nuvo.

ET Now: What is the call on Aditya Birla Nuvo?

Mitesh Thacker: We were calling for an upside to levels of 950. Those targets have been met. Now if you look at the chart, 950 has been the level, in the lasts 4-5 months, of a stiff resistance point. So, as long as the stock does not close above 950-960 range, I would possibly advise that if somebody has been holding stock at about 870 odd levels, time to take profits. But, if it breaks above 960 on a closing basis, there is a good chance that we might actually test 1020 odd levels. So, there might be a small trading momentum over there but let’s see how it reacts when it reaches the levels of 960.