Sukhani's view Gujarat Fluorochemicals

Published on Wed, Feb 15, 2012 at 09:00 |  Source : CNBC-TV18

Updated at Wed, Feb 15, 2012 at 10:35  

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Sudarshan Sukhani, s2analytics.com

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Sudarshan Sukhani of s2analytics.com shares his view Gujarat Fluorochemicals .

Sukhani told CNBC-TV18, "Gujarat Fluorochemicals rallied from Rs 325-500 and didn't stop. For the last three weeks it's in a trading range. That seems to be a flag, if that's a flag, if I read it correctly then a significantly higher level is possible in the next two months or so. So yesterday it had a very big day and it's now on the verge of a breakout."

He further added, "Today we should see follow through. Even if we don't see follow through today a person who takes a position should probably carry it on and we are probably going to see a much bigger move almost as big. We had a 60% move in this bull run so far and we could probably see something very similar. It's a stock we want to watch carefully and remain on the long side."

 

  

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