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Jun 21, 2013, 01.36 PM | Source: CNBC-TV18

Tata Coffee may touch Rs 1600 in long term: Sukhani

Short term trader can get out of Tata Coffee, says Sudarshan Sukhani of s2analytics.com. "The long term investors can stay with it as it can go back to Rs 1600," he adds.

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Tata Coffee may touch Rs 1600 in long term: Sukhani

Short term trader can get out of Tata Coffee, says Sudarshan Sukhani of s2analytics.com. "The long term investors can stay with it as it can go back to Rs 1600," he adds.

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Sudarshan Sukhani (more)

Technical Analyst, s2analytics.com | Capital Expertise: Equity - Technical

Sudarshan Sukhani of s2analytics.com told CNBC-TV18, " Tata Coffee is moving down and it is likely to persist with a downward trend till it reaches even Rs 900. So the short-term view is not very cheerful, there is more downside coming in. The longer term view is much better."

"The Rs 100-150 decline is part of course, it happens to all the good stocks. One a longer term Tata Coffee can go back again to its earlier highs, Rs 1600 and even go higher. So as a short-term trader get out, as a longer term investor just accept the volatility and stay there," Sukhani added.

Also Read: Tata commissions premium coffee extraction plant in TN

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