Sukhani's view on GMDC

Sudarshan Sukhani of s2analytics.com shares his view on GMDC.

Sukhani told CNBC-TV18, "GMDC had a good chart. It had a decent rally from Rs 160 to Rs 185. Here, there is significant resistance in this stock. Metals in any case are underperformers, so whatever performance was likely to come from the stock price has already come in."
He further added, "In any event of a market say correction of a market consolidation, metal stocks are likely to be underperformers, GMDC because of the fact that it fell on Friday, tells us that the rally is over and it is likely to be the first one to see a correction."