Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "Orchid Chemicals has fallen so much that it is true that it is showing signs of life today, even yesterday. This is not enough to justify buying. Let us assume that a decline has stopped and if the stock starts building a base then Orchid would become a justified buying opportunity. It is too early for that."
He further added, "Titan Industries is a different story. While Titan's eventual target may be much lower. It could easily exhibit a sharp upside rally and momentum traders should consider buying it only for the short-term, but it is worth going."
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