Sudarshan Sukhani, s2analytics.com feels that Areva T&D may test Rs 200.
Sukhani told CNBC-TV18, "Areva T&D rallied from Rs 130 and it reached Rs 170; that was a very decent rally from the lows. Now at Rs 170 in all fairness the stock started consolidating, it's been consolidating for three weeks now. The consolidation has come on the back of a rally."
He further added, "It's reasonable to expect that the breakout will be in the same direction that is up and if it breaks out we have a target of Rs 200 plus for it eventually. So Areva seems to be ready for a breakout. It did very well on Friday. It moved up. I think it's just inched up above resistance. Perhaps it will follow through even without the market supporting it. That's something we need to watch from the morning itself."
