Titagarh Wagons has target of Rs 550-540: Thacker

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Titagarh Wagons has target of Rs 550-540: Thacker

Titagarh Wagons has target of Rs 550-540, says Mitesh Thacker, Technical Analyst, miteshthacker.com.

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Excerpts from Bazaar on CNBC-TV18 Watch the full show » RELATED NEWS Titagarh Wagons looks positive: Astromoneyguru ALSO READ See previous views by Mitesh Thacker See what other Experts & Brokerages are saying about Titagarh Wagons See messages about Titagarh Wagons Titagarh Wagons BSE | NSE 31/05/12 Are Mutual Funds betting on Titagarh Wagons?

Titagarh Wagons has target of Rs 550-540, says Mitesh Thacker , Technical Analyst, miteshthacker.com.

Thacker told CNBC-TV18, "Railway stocks did catch our attention yesterday because of the extraordinary price move and volume jump. Titagarh Wagons in a kind of uptrend but I think very clearly with yesterday's action its showing momentum left on the upside."

He further added, "The medium term target should be in the range of Rs 550-540. Any declines which would happen because of profit booking after a good run up would be a good opportunity to buy these stocks."