HOEC may slip to Rs 84, says Sudarshan Sukhani of s2analytics.com.
Sukhani told CNBC-TV18, "HOEC, it was Rs 200 plus and at some point it was much higher, so its falling and its not stopping its decline, its making those new one year lows, this is not good. Here is a stock that falls on a day when everything went up. HOEC is probably going much lower; I don't know what is going on in so many of these companies but we have a small modest target of Rs 84 but for position trader HOEC is likely to go lower than Rs 84, so much lower. Here is a short sell on a choppy day."
He further added, "I don't even know what to do with JP Associates but if at all there is a trade its on the short side, you sell it. We have seen how some of these numbers have become smaller and smaller in terms of prices, so I don't know about JP Associates but it's a short sell, you cannot buy it."
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