Dena Bank may slip to Rs 80-85: Sukhani

Sudarshan Sukhani of s2analytics.com is of the view that Dena Bank may slip to Rs 80-85.

Sukhani told CNBC-TV18, “In Dena Bank a dip towards Rs 80-85 is possible, we are not in a bull market we are in some kind of a down trending market so together with most other stocks Dena Bank is likely to come down during the course of the year.”
He further added, “If you are an investor then you have to accept that corrections are part of the investing process. He is probably in a reasonable midsized public sector bank. Charts don’t suggest something worst than Rs 80. So accept that Rs 15 of a decline is possible, hold on to your stock. If you are looking at a time horizon of three years you will certainly get very good rewards. "