Feb 06, 2013, 10.30 AM IST | Source: CNBC-TV18

Sell Sterlite Industries, says Sukhani

Sell Sterlite Industries, says Sudarshan Sukhani of s2analytics.com.

Sell Sterlite Industries, says Sudarshan Sukhani of s2analytics.com.

Sukhani told CNBC-TV18, " Sterlite Industries is a horrible chart. It is literally the same as the other metal stocks. It has made and confirmed, very bearish head and shoulder pattern giving us a target of almost Rs 94-95 maybe even Rs 90. That is not good news. It is a sell on every opportunity stock.”

He further added, “We are selling today, it broke down yesterday. I am assuming there will be follow-through. Apart from today, it is something that we are going to watch and look to go short on whenever we can.”

Disclosure: I have no holdings or interest in the stock discussed.

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