“The stock is showing some signs of distribution after a strong rally as it has slipped below its 20-day moving average. If it slips below Rs 163, then one can expect a correction towards Rs 149–144 zone, which will be a good buying zone. On the upside, if it manages to cross the resistance level of Rs 175, then a northward journey towards Rs 190 can be seen,” said Santosh Meena, Head of Research at Swastika Investmart.Read more:
Bullish on India: RailTel set to ascend on back of govt’s focus on telecom infra and connectivity - Money Control (Hindi)
