Mirae Asset Sharekhan advises selling IRB Infra and Paytm stocks as technical patterns signal downward trend.

Mirae Asset Sharekhan, a prominent financial institution, has recommended sell positions for IRB Infra and Paytm in the stock market. According to analysts, IRB Infra has broken a flag pattern, signaling a potential downtrend towards Rs 38, with resistance levels at Rs 43.60 and Rs 45. On the other hand, Paytm has broken a rising wedge pattern, with expectations of a decline to Rs 720, encountering resistance at Rs 804 and Rs 822. Investors are advised to monitor these stocks closely and consider their sell recommendations. This analysis provides valuable insights for traders looking to optimize their investment strategies in the Indian stock market.

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