Eros Intl has target of Rs 300: Sukhani

Sudarshan Sukhani of s2analytics.com is of the view that Eros International looks good for long term, it has target of Rs 300. “Exide Industries has an excellent long-term chart, which means at some point of time I see it crossing Rs 200,” he adds.
 
Sukhani told CNBC-TV18, “Long-time charts of Eros International are quite upbeat. They haven’t actually broken out but the breakout comes at Rs 240 but the chart suggests that the breakout will come sooner or later. If that happens a bullish pattern will be confirmed with a target of Rs 300 plus. The investors risk is very limited. It is already at the lows building a base. One should hold on for a year.”
 
He further added, “Exide Industries has an excellent long-term chart, which means at some point of time I see it crossing Rs 200. Quite obviously that won’t work out in two months, In fact in two months it could have a set-back of Rs 10. It is not so easy to predict that, once we get a time restriction. If one is prepared to hold on to it, it is likely to be an outperformer. The long-term charts are very upbeat.”
 
"I see an immediate target of Rs 185 for NMDC. There is a bullish pattern that has been confirmed so irrespective of what it is doing today or in the next couple of days or yesterday does not matter." he added.