Technical Analyst, s2analytics.com | Capital Expertise: Equity - Technical
Sudarshan Sukhani, s2analytics.com advises to exit from Titan Industries.
Sukhani told CNBC-TV18, “One should sell out Titan Industries . Titan’s charts are not conducive. It is moving towards Rs 200 or even lower. It is a good company, but even good companies go through bad patches and there is no sense in holding on when the signs are clearly visible. There is no sense in averaging also because you can probably buy it much lower. I would suggest get out. I have already given you the names of stocks where you get in like Housing Development Finance Corporation (HDFC), Reliance , even Infosys before the results.”
He further added, “In all fairness this is not a good time to buy anything, but since investor has money in the stock market, let her keep that money. If everything goes down at least these big names will recover faster. They will do better things. So I do not recommend taking money out of the market which you already have. Do not put in more, but at least be in the best stocks.”
“There is no reason to go and buy now. Investor is holding very good quality stocks. Let her hold them. But do not average, do not buy now.”