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Podcast: Today's Pick - ITDC

| Updated on October 15, 2019 Published on October 15, 2019

Investors with a short-term perspective can buy ITDC at current levels

The stock of India Tourism Development Corporation Ltd (ITDC) jumped 9.5 per cent breaking above a key resistance at ₹290 on Tuesday.

In early September, it had encountered a key resistance at ₹270 and was on a sideways movement until the recent breakout.

The stock trades well above its 21- and 50-DMAs. Overall, the short-term outlook is bullish for ITDC. The stock can continue to trend upwards. Targets are ₹308 and ₹315. Traders can buy with a stop-loss at ₹290.

Published on October 15, 2019