Tech Mahindra has resistance around Rs 925-950: Sukhani

Tech Mahindra has resistance around Rs 925-950 and one can avoid GAIL, says Sudarshan Sukhani of s2analytics.com.
 
Sukhani told CNBC-TV18, “GAIL has been in a bear market. I have been bearish on this stock. It is not a volatile stock so there is no cascading decline but it is there inch by inch. I wouldn’t buy it. It is a pity because this was an erstwhile blue-chip but at this point we have to avoid it.”
 
He further added, “Tech Mahindra, Rs 925-950 is a strong resistance level and it is almost there. So all the up move that the stock has shown is probably now coming to an end, this is not a good time to go long in it. You wait again, if the resistance holds and it becomes lower, somewhere around Rs 850-875 would be a good entry point.”