May 06, 2013, 11.15 AM | Source: CNBC-TV18
One can sell Power Finance Corporation, says Sudarshan Sukhani of s2analytics.com.
Sudarshan Sukhani (more)
Technical Analyst, s2analytics.com | Capital Expertise: Equity - Technical
Sukhani told CNBC-TV18, "Power Finance Corporation is a sell. It was a sell last week also. It came in our sell list and that is happening again. It is not crossing significant resistance limits, it is breaking from small trading ranges, it is a bad chart, you have to sell it."
At 10:14 hrs Power Finance Corporation was quoting at Rs 189.45, down Rs 1.05, or 0.55 percent. It has touched an intraday high of Rs 192.00 and an intraday low of Rs 187.65.
The share touched its 52-week high Rs 227 and 52-week low Rs 143.30 on 08 February, 2013 and 16 May, 2012, respectively. Currently, it is trading 16.54 percent below its 52-week high and 32.21 percent above its 52-week low. Market capitalisation stands at Rs 25,007.68 crore.