United Phosphorus can go down to 125 levels: Mitesh Thacker

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

ET Now: What is your call on United Phosphorus?

Mitesh Thacker: I had mentioned that United Phosphorus has gone into a downtrend with big breakdown happening yesterday. It is heading towards targets of about 125 to 128 on the lower side.

I would maintain those targets despite the fact that the stock has corrected from levels of 155. It has clearly gone into downtrend which should take the stock down to about 125.