HomeNewsBusinessStocksSell Wockhardt, ACC: Sudarshan Sukhani

Sell Wockhardt, ACC: Sudarshan Sukhani

Sudarshan Sukhani of s2analytics.com recommends selling Wockhardt as the stock has broken down from the trading range and expects more downside in it.

July 22, 2013 / 11:58 IST
Story continues below Advertisement

Your browser doesn't support HTML5 video.

Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "Wockhardt is a short selling idea for the day. The stock has simply fallen off the cliff. Today it was in a trading range after the big decline and has broken down from that trading range, clearly there is more downside here."
 
"ACC among the cement stocks suggest that a short-term top has been made and there is some downside here. It is not a very long-term shorting idea but for a couple of days or even intraday it is possible to look at ACC for a selling opportunity," Sukhani said.

Also Read: Wockhardt plunges 10% on US FDA warning letter
first published: Jul 22, 2013 11:58 am

Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!