Titan Industries may test Rs 185: Sukhani

Published on Wed, Feb 01, 2012 at 14:04 |  Source : CNBC-TV18

Updated at Wed, Feb 01, 2012 at 14:24  

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Sudarshan Sukhani , s2analytics.com

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Titan Industries may test Rs 185, says Sudarshan Sukhani of s2analytics.com.

Sukhani told CNBC-TV18, "I am fairly bearish on Titan. It went through a rally. What I would consider a bear rally, that rally seems to be over. So while the decline in Titan may not be as fast as PTC, the decline is likely to persist. In a choppy market stocks will come down and Titan is gong to be one of them. So we will look towards Rs 185 or even lower for Titan."

He further added, " IDBI Bank is a sell. It is making a bearish head and shoulder on a small intraday chart that is not good news, which means we are looking at Rs 90-91-92."

  

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