Wockhardt can touch Rs 1800: Sukhani

Wockhardt can touch Rs 1800, says Sudarshan Sukhani of s2analytics.com.

Sukhani told CNBC-TV18, "Wockhardt is an amazing stock. After it had rallied from Rs 400-1,000 we thought that maybe this is a buying opportunity and that sometimes happens and from there it went to Rs 1,800. Sharp decline and that decline had a down sloping trend line. That trend line has been broken on the upside."
He further added, "A trading range has given way to very big gains on Friday. I think the immediate target for Wockhardt could be a day trading target, but it should go and test Rs 1,800 again. Good stocks do not stop. We have already seen how United Spirits has done."
"Coal India is quite choppy. It is going in a trading range, so maybe it has just come out of a small consolidation, maybe it will go to the higher end of the range which is Rs 370-375. There is a small trade here, but given the fact that most blue chips are doing well, this trade is worth taking."