Keep stoploss of Rs 41 in Teledata: Expert

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Technical analyst Vijay Bhambwani of bsplindia.com is of the opinion that investor must keep a stoploss of Rs 41 in Teledata Informatics . If the stock goes below then they will have to book losses.
 
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.

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