Deccan Chronicle has target of Rs 165: Sukhani

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Deccan Chronicle has target of Rs 165: Sukhani

Deccan Chronicle Holdings has target of Rs 165, says Technical Analyst, Sudarshan Sukhani.

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Excerpts from Bazaar on CNBC-TV18 Watch the full show » ALSO READ See previous views by Sudarshan Sukhani See what other Experts & Brokerages are saying about DeccanChronicle See messages about DeccanChronicle DeccanChronicle BSE | NSE 13/02/12 Are Mutual Funds betting on DeccanChronicle?

Deccan Chronicle Holdings has target of Rs 165, says Technical Analyst, Sudarshan Sukhani .

Sukhani told CNBC-TV18, "Media is a relatively small sector and two of them are in my list as I went on scanning the universe and I realized I have two of them. Deccan Chronicles has been one of the stronger ones. It is again at a tipping point, so I would expect it to move up if not today then that is an uncertain environment tomorrow but Rs 157 is a stoploss for today, Rs 165 could be a modest intraday target. For Deccan again the idea is if you are a positional trader, you don't have to get out at the targets, you can just hold on for the bigger move."