Mirae Asset Sharekhan’s Sell Calls: IRB Infra & Paytm; Patterns Signal Downtrend Towards Rs 38 & Rs 720.

Mirae Asset Sharekhan has issued sell recommendations for two prominent stocks in the Indian 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 and is anticipated to decline to Rs 720, encountering resistance at Rs 804 and Rs 822. Investors are advised to take note of these patterns and resistance levels before making any trading decisions. The recommendations come at a time when market volatility is high, and strategic moves are crucial for maintaining a strong portfolio. It is essential for investors to stay informed about such analysis and expert opinions to navigate the complexities of the stock market effectively.

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