Sell Shriram Transport Finance Corporation: Sukhani

Sudarshan Sukhani of s2analytics.com advised selling Shriram Transport Finance Corporation as he feels the stock would come down.

Sukhani told CNBC-TV18, “Shriram Transport Finance Corporation has rallied from Rs 500 to Rs 750 and we thought this is in a strong uptrend. But it has made a rounding top, it has made a bearish pattern, bearish head and shoulder, broken down from support levels and that is the worrisome story. The best stocks are now breaking down.”
“It is a short sell now and because of the quality of the stock traders should expect some gains here but I would expect it to come down,” Sukhani added.