Educomp Solutions may slip to Rs 155-150, says Sudarshan Sukhani, s2analytics.com.
Sukhani told CNBC-TV18, “Educomp is going into two-digits but its not doing that today. It is likely to slide to Rs 155-150 in the near-term and those who patience will see it below Rs 100.”
He further added, “I was very upbeat on Shree Renuka. Just a couple of days ago last week, I thought it was bottoming out Rs 27-28, I also had a buy out on that but that didn’t work out, it got stopped out. It is really surprising how Shree Renuka has collapsed and now it’s suggesting a target of Rs 25 but more importantly it has broken all its support levels. I don’t exactly understand what is going on and neither do I have the courage to go and sell it but the trade is on the short side now, there is nothing to buy here.”
Disclosure: I have no holding or interest in the stocks discussed.