MIC Electronics has target of Rs 59-64: M Thacker

8157 Investors following MIC Electronics. Share this News with them.

0

Like this story, share it with millions of investors on M3

MIC Electronics has target of Rs 59-64: M Thacker

Mitesh Thacker, Technical Analyst, miteshthacker.com is of the view that MIC Electronics has target of Rs 59-64.

Post your opinion here

 

0

Tweet

Share on Tumblr

Excerpts from Bazaar on CNBC-TV18 Watch the full show » ALSO READ See previous views by Mitesh Thacker See what other Experts & Brokerages are saying about MIC Electronics See messages about MIC Electronics MIC Electronics BSE | NSE 30/05/12 Are Mutual Funds betting on MIC Electronics?

Mitesh Thacker , Technical Analyst, miteshthacker.com is of the view that MIC Electronics has target of Rs 59-64.

Thacker told CNBC-TV18, "Today will be a tricky day for MIC Electronics because we have had a very good run up starting from day before yesterday's intraday lows of about 4,360, the Nifty has already moved up 250 points. So today when you are taking positions, a good time to get into long positions but you might not get gains today itself. Secondly, levels are very important in the sense that Rs 44-45 was a big breakout levels for this stock, and we saw it at upper circuit yesterday, it's cleared all weekly tops for the last six months at the levels of around Rs 44-45 and that's where our stoploss is. On the upside we are looking at targets of Rs 59-64 over the next few weeks."