Hold Manappuram Finance: Sukhani

Sudarshan Sukhani, s2analytics.com advises to hold Manappuram Finance and one should wait for better price to exit.
 
Sukhani told CNBC-TV18, “Manappuram General Finance charts are very disappointing. It should have done all the right things and gone back and rallied but it did not. That is the market for you. But for somebody who has bought it at a high price and is now seeing significant declines and has a holding period of four months, let us put it this way, the trade should be you hold on for now.”
 
He further added, “The markets are seeing a bit of a cheer if the stock rallies, at some point during the rally you may consider closing your position for a lower loss. But there is no purpose in getting out now. Manappuram General Finance stands at significant support. So, wait for better prices to exit.”