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.
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.