Havells India may slip further, says Sudarshan Sukhani, s2analytics.com.
Sukhani told CNBC-TV18, "Havells India was a disappointment. It rallied so it was primarily in a bear market. But now it gives the impression of confirming a double top pattern. That tells us that a deep correction is possible here. It's on the verge of breaking down. Today or for a couple of days I am not sure, but if it breaks down today, we can expect a significant downside in Havells. So it's worth taking a short sell. We already have a stop loss. That means we are protected. But it could go for a much lower level."
He further added, " Wipro 's chart tells us it's going to underperform in the current small rally that we are seeing. So Wipro is a sell. But since you don't actually want to sell in this uptrend it's an avoid."
