Feb 22, 2012, 10.45 AM | Source: CNBC-TV18
India Infoline can touch Rs 80-85, says Sudarshan Sukhani of s2analytics.com.
Sudarshan Sukhani (more)
Technical Analyst, s2analytics.com | Capital Expertise: Equity - Technical
Sukhani told CNBC-TV18, "India Infoline chart suggests that itís breaking out above Rs 75 and moving towards Rs 80-85 and the contradiction lies in the fact that I have never liked brokerage companies and with some justification. I just heard that everything is going up, so India Infoline is also going up and the charts are quite conducive. So if a trader wants to trade in it there is upside here."
He further added, " Orchid Chemicals has a very good chart in the sense that it has been moving up, pulling back, moving up which is the kind of stock I explained earlier in the morning. That really last, itís a long lasting bull trend rather than just a rally. So Orchid is a buy. Itís not only an intraday buy but it could also be considered to be a position trade."