Titan Industries can touch Rs 238: Sukhani

Titan Industries can touch Rs 238, says Sudarshan Sukhani of s2analytics.com.

Sukhani told CNBC-TV18, "Tata Global Beverage is a nice chart, it’s a low beta stock and one should have low expectations but it at least makes money for buyers. If you buy it on a dip, it makes money. At Rs 120 it’s breaking out again. So rather than rush into it, wait patiently for it to consolidate or even have minor intraday dips and go long."

He further added, "Titan Industries is making very bullish pattern, it is not yet confirmed but I am assuming that it will at least make an attempt for confirming it and that brings it to Rs 238 which is a good 10-12-15 points above where it is now. So there is trade on the long side at current levels. If it crosses Rs 238-240 mark, then it begins a significant upmove. So traders should be on the long side here from now on itself."