Sukhani's view on Bharat Forge

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Sukhani's view on Bharat Forge

Sudarshan Sukhani of technicaltrends.com share his view on Bharat Forge.

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Excerpts from Bazaar on CNBC-TV18 Watch the full show » ALSO READ See previous views by Sudarshan Sukhani See what other Experts & Brokerages are saying about Bharat Forge See messages about Bharat Forge

Sudarshan Sukhani of technicaltrends.com share his view on Bharat Forge .

Sukhani told CNBC-TV18, "For Bharat Forge the resistance was at Rs 305-310, again did not cross, it has cracked. Bharat Forge has actually fallen more than United Phosphorus giving us very clear signs that the stop is at Rs 250. I mean the place where its finding support will be around Rs 250. That's not the target for intraday traders but the theme is the same."

He further added, "All resistance levels which I expected would be taken out on the upside have actually being proved to be resistance levels. Once you touch them, once you start coming down then the only way the stock is going to stop is when it finds support. That's Rs 250 for Bharat Forge."