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Indian Bank can retest Rs 190-195: M Thacker

Published on Tue, Nov 24, 2009 at 10:01 |  Source : CNBC-TV18

Updated at Tue, Nov 24, 2009 at 10:27  

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Mitesh Thacker, Technical Analyst, miteshthacker.com

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Indian Bank can retest Rs 190-195, says Mitesh Thacker , Technical Analyst, miteshthacker.com.

Thacker told CNBC-TV18, "Probably there is more momentum left here; the share price kind of broken out of negative price pattern, so it negated the entire distribution scenario, which is been created on charts. I think a retest of recent highs of around Rs 190-195 is on the cards and long positions can be taken with stoploss of around Rs 163."

  

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