May 10, 2012 12:43 PM IST | Source: CNBC-TV18

Educomp Solutions may slip to Rs 155-150: Sukhani

Educomp Solutions may slip to Rs 155-150, says Sudarshan Sukhani, s2analytics.com.

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.

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