Educomp Solutions has support at Rs 700-710: Sharma

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Educomp Solutions has support at Rs 700-710: Sharma

Educomp Solutions has support at Rs 700-710, says Salil Sharma, Technical Analyst, Kapur Sharma & Co.

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Excerpts from Markets Midday on CNBC-TV18 Watch the full show » ALSO READ See previous views by Salil Sharma See what other Experts & Brokerages are saying about Educomp Sol See messages about Educomp Sol Educomp Sol BSE | NSE 10/02/12 Are Mutual Funds betting on Educomp Sol?

Educomp Solutions has support at Rs 700-710, says Salil Sharma , Technical Analyst, Kapur Sharma & Co.

Sharma told CNBC-TV18, "Educomp is interesting because we have seen a huge sell off there but at the current levels, it has some good amount of support around Rs 700-710 and there is some kind of a positive divergence emerging on the RSI charts, which seems to suggesting that the worst might be over for it atleast for the time being. But on the upside it needs to go above Rs 830-840 levels for the long-term to become okay."

Disclosure: I do not have a personal holding in any of the above stock/sector today but may have recommended them to clients.