Real-time Stock quotes, portfolio, LIVE TV and more.
Vijay Bhambwani feels that investors must exit Teledata Informatics at Rs 41 levels.
Bhambwani told CNBC-TV18, "This stock at present is consolidating and you can find correction on the upside. You will have to closely watch the levels of Rs 40-41 because if it breaks these levels and falls with heavy volumes then there is a possibility of trend reversal. So it is better to keep a stoploss around Rs 41 and exit if it breaks below this and book your losses."
"On the upside it has a strong resistance at Rs 59-60 levels and until it continuously moves above these levels you won't find an up trend in this stock," he added.
Are you invested in the top performing mutual fund? click here
May 23 2013, 10:43
- in MARKET OUTLOOK
May 23 2013, 09:33
- in Technicals