Arvind may slip to Rs 64, says Sudarshan Sukhani, s2analytics.com.
Sukhani told CNBC-TV18, "Arvind was a sell when it was just breaking at Rs 85 and I had explained that it was a mid point. It has reached its Rs 60 target but apparently the selling is not done at and my sense is that we are going to go lower because targets are just numbers, sometimes stocks will exceed those targets by significant margins. Arvind is likely to do that on the downside, yesterday's charts were not very good that weakness is likely to persist today. We are looking at a target of Rs 64 and then just see where it is."
He further added, " Hexaware is breaking down from a major top. I wonder why but whatever the reason is but we are looking at target of Rs 72 as a short sell. Hexaware is now a sell on every rally, major breakdown patterns don't reverse on day to day basis."
