Nov 16, 2012, 06.08 PM | Source: CNBC-TV18
Sudarshan Sukhani, s2analytics.com is of the view that Geometric is in a strong uptrend. Tata Coffee has a much higher target maybe even Rs 2000.
Sudarshan Sukhani (more)
Technical Analyst, s2analytics.com | Capital Expertise: Equity - Technical
Sukhani told CNBC-TV18, “Geometric is in a strong uptrend, it has been. Periodic corrections in the stock have come about and they have been buying opportunities. So, that remains whether we have leading lights investing in it or not, doesn’t matter the stock by itself shows a good trend.”
He further added, “I have been recommending buying Tata Coffee . It’s up 20 percent, up 10 percent you can’t actually go long after these rallies. The idea is to go long when we were first tracking it. I think now we have to let it go. For someone who wants to build a position now this is not a good location. You have to wait for this rally to stop for the inevitable sideways movement to begin but I think Tata Coffee has a much higher target maybe even Rs 2000.”