Sell TVS Motor , says Sudarshan Sukhani, s2analytics.com.
Sukhani told CNBC-TV18, "TVS Motor has a relatively better chart when we compare it to Sintex or maybe Jain Irrigation. The chances are that what we are seeing is a correction on the downside rather than a new bear market. So our target should be that much tighter. TVS Motor is a sell; look at a stoploss of Rs 55 and initial target of Rs 49."
He further added, " United Breweries is a buy inspite of that big decline we saw yesterday. It's building a much larger pattern, which as of now is bullish. Now if it breaks down eventually like many other of these patterns, other stocks have done so, we will have to change our opinion. But as of now I am assuming that the stop pattern is fairly decent and bullish and its' a buy. So after yesterday's decline, I would say at the slightest of stability it should be bought into. Keep a tight stoploss Rs 385 and have a fairly decent target of Rs 440."
