CESC has target of Rs 360-370: Sudarshan Sukhani

CESC has target of Rs 360-370, says Sudarshan Sukhani of s2analytics.com.

Sukhani told CNBC-TV18, "CESC is another one of those stocks that is making a bullish pattern after seeing a decent rally. The targets there are Rs 322-325 for the short-term intraday trader but the rally itself suggests Rs 360 or Rs 370, the eventual target. Even the Nifty is making the same pattern, a consolidation and a bullish pattern after that 400 point upmove. So I am assuming that the Nifty together with a lot of stocks doing the same thing are giving us a positive message."
He further added, "CESC now is a buying opportunity for day traders and anyone wanting to take a position should get a little easy, take a stop and expect Rs 350-360 on it."
"Biocon had an intraday target, short-term target of Rs 260. But I am explaining that Biocon has broken out of a trading range. It is on the verge of a breakout, we are buying prior to the breakout. If that breakout works well then its eventual target will be Rs 300. It has seen much better days earlier and I am assuming those days will come again."