IRB Infra has good support around Rs 110, says Sudarshan Sukhani, s2analytics.com.
Sukhani told CNBC-TV18, “On the charts I would assume IRB Infra is facing a strong support, so it is probably a buying opportunity for a long-term investor.”
He further added, “Nothing is an opportunity for the short-term position trader or investor, but if somebody is looking at taking a three year time span then at Rs 110 there is strong support coming in and that support may break, but whenever this next bull market starts it can go back to its Rs 200 levels. So for a long-term investor it is a good opportunity to begin accumulating.”
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