Rahul Mohindar of Viratechindia is of the view that Moser Baer has resistance at Rs 268.
Mohindar told CNBC-TV18, "I would not go ahead and buy Moser Baer right at the present level. What we see is that Rs 268 is tremendous resistance and we have seen this stock kind of range bound and it has never really got pass the Rs 260-270 zone."
He further added, "If one is looking at a fresh buy we would possibly see a lot more momentum crossing these resistances levels of Rs 268 and then finally Rs 279. So, we would wait for these breakouts to happen before entering."
