Orchid Chemical may move to Rs 95: SP Tulsian

Orchid Chemical may move to Rs 95 in next one week or so, says SP Tulsian, sptulsian.com.

Tulsian told CNBC-TV18, “Orchid Chemical, one can take a long-term view provided they have a horizon of at least one year or so. However the kind of run up which we have seen in the stock it has moved almost 60 percent. In fact the kind of pattern which we see in the share morning it was down by about 5-6 percent so that gives a typical trend of the informed circle for maybe the strong hands having entered into the stock who wanted to acquire more stock but have shown some kind of weakness in the morning so as to make the traders to or the short-term investor to exit from the stock.”
He further added, “This indicates that the trend remains quite strong going ahead and stock may continue to move maybe to the level of about Rs 95 or so in next one week or so.”