Buy Punj Lloyd on decline: Sukhani

Sudarshan Sukhani, s2analytics.com is of the view that one can buy Punj Lloyd on decline.

Sukhani told CNBC-TV18, “Punj Lloyd is very attractive. It has broken out of a trading range, broken out of a bullish pattern. I think there is a significant upmove here that is likely to come. So like today is a dip, if this dip persists tomorrow could be a buying day for Punj Lloyd. It is a stock that is just beginning to move up and we should be looking at it all times for buying on dips.”
He further added, "Power Finance Corporation (PFC) and Rural Electrification Corporation (REC) both stocks that have completed their basing patterns, they are now on a roll. So again here both these stocks are buying opportunities. We must buy only on dips and dips are not half their dips, they are 2-4 days setbacks.”