Real-time Stock quotes, portfolio, LIVE TV and more.
May 15, 2012, 12.15 PM IST
Sudarshan Sukhani of s2analystics.com view on Ashok Leyland, Orchid Chemical.
Sukhani told CNBC-TV18, “ Ashok Leyland chart is saying that the Rs 25 support is unlikely to hold. Yesterday’s decline is likely to see follow through today, tomorrow. We are looking at Rs 23 as the downside target. Even the long-term charts for Ashok Leyland have become horrible."
He further added, "I would assume that the downtrend will continue in Orchid Chemical . If there is a snap back today then the assumption of the downtrend could be postponed to midday or tomorrow. Rs 120 is the downside target. Eventually the way Orchid Chemical is behaving, it should come into double digits."
Action in Ashok Leyland
Jun 19 2013, 16:41
- in FII View
Jun 19 2013, 12:44
- in MARKET OUTLOOK