May 10, 2012, 12.43 PM | Source: CNBC-TV18
Educomp Solutions may slip to Rs 155-150, says Sudarshan Sukhani, s2analytics.com.
Sudarshan Sukhani (more)
Technical Analyst, s2analytics.com | Capital Expertise: Equity - Technical
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.
The sale is in compliance with Educomp's approved
Educomp Solutions has informed that Board of Direc
The company's indirect subsidiary Educomp Software