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ITI may go to Rs 57 above Rs 48: Thacker
Once ITI gets past the levels of Rs 48, we could see probably fancy a good upside to levels of around Rs 57. So there is a good upside, says Mitesh Thacker, Technical Analyst, miteshthacker.com.
Once ITI gets past the levels of Rs 48, we could see probably fancy a good upside to levels of around Rs 57. So there is a good upside, says Mitesh Thacker, Technical Analyst, miteshthacker.com.
Thacker told CNBC-TV18, "What we have seen in ITI is that Rs 47-48 has been acting as some kind of supply area and Rs 47 is also the level where 200 DMA is placed but the good part is that everyday the stock moves 8-10%. In the last few months, we have seen strong volumes and delivery volumes being recorded. So once it gets past the levels of Rs 48, we could see the stock probably fancy a good upside to levels of around Rs 57. So there is a good upside but it might take few days to give a proper breakout on charts."
