Alstom Projects has target of Rs 360, says Sudarshan Sukhani, s2analytics.com.
Sukhani told CNBC-TV18, "Alstom Projects was somewhere around Rs 1000 and is now available for Rs 360-370. It was higher than Rs 1000 also. So a lot of deep corrections, bear markets have taken place in these stocks. Not all power stocks are giving us charts which justify taking long positions but this one is an exception. So it is a buying opportunity."
He further added, "It's probably a good investment opportunity also. For the day trader, for the swing trader at current prices represents an entry point which could take you higher than the target. I have a target of Rs 360 but it could go more."
