Indiabulls Real Estate may see further decline: Sukhani

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Indiabulls Real Estate may see further decline: Sukhani

Technical Analyst, Sudarshan Sukhani is of the view that Indiabulls Real Estate and Indiabulls Securities may see further decline in coming days.

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Excerpts from Closing Bell on CNBC-TV18 Watch the full show » ALSO READ See previous views by Sudarshan Sukhani See what other Experts & Brokerages are saying about Indiabulls Real See messages about Indiabulls Real Indiabulls Real BSE | NSE 10/02/12 Are Mutual Funds betting on Indiabulls Real? Other Stocks in this news Indiabulls Securities |

Technical Analyst, Sudarshan Sukhani is of the view that Indiabulls Real Estate and Indiabulls Securities may see further decline in coming days.

Sukhani told CNBC-TV18, "Indiabulls Real Estate and Indiabulls Securities both of them have a horrible chart so irrespective of what they are doing today, that is one or day moves are random quite often. There are so many reasons, short covering; some people just go into bargain hunting many things can happen but broadly the charts are telling us that much lower levels are coming. I do not think midcap stocks have exhausted their decline. Some of them may have but quite evidently there may be more pain selectively."