Jun 08, 2012, 11.23 AM | Source: CNBC-TV18
See lower levels in Titan Industries, says Sudarshan Sukhani of s2analytics.com.
Sudarshan Sukhani (more)
Technical Analyst, s2analytics.com | Capital Expertise: Equity - Technical
Sukhani told CNBC-TV18, "Titan Industries is a sell because when it cracked Rs 230 and it then confirmed a very bearish distribution. Since then it has to be sold because the downside targets eventually are much lower. So yesterday’s rally fizzled out and it closed lower finally and that small bearish flag has been confirmed suggesting much lower levels in Titan."
He further added, "FMCG is now out of fashion and that is now reflected on most of the charts. That is exactly what is happening with Titan."
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Sudarshan Sukhani of s2analytics.com is of the vie