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Technical Analyst, Hitendra Vasudeo is of the view that one can stay invested in Geodesic Information at current levels and wait for higher levels to come out.
Technical Analyst, Hitendra Vasudeo is of the view that one can stay invested in Geodesic Information at current levels and wait for higher levels to come out.
Vasudeo told CNBC-TV18, "The overall chart is quite okay but the relative strength in the stock is not there that means it is not moving as per the market. So it is basically an underperformer but the overall chart is good. It has strong resistances at higher levels. From an immediate trading perspective it has taken off Rs 243, which was its lower top but it can move up towards Rs 260-270 or even to that area. But on the whole it is sluggish on the upmove. There are better avenues where the momentum is there so you can look for an exit at higher levels but for the time being one can hold and wait for those higher levels to come out."
