Sudarshan Sukhani sees significant upside in Hanung Toys

Sudarshan Sukhani of s2analytics.com sees significant upside in Hanung Toys and Textiles.

Sukhani told CNBC-TV18, "Focus on smallcaps because the Nifty is doing its own thing. If one is long in the Nifty, make money today. Hanung Toys has made the head and shoulder patterns and broken out of it. So, there is a significant upside here.”
He further added, “It is important to understand that one need to trade this with stop losses and also wait patiently, convert this into a swing trade, start today. If it is making money then go ahead and carry it over."
The share touched its 52-week high Rs 179.55 and 52-week low Rs 99.00 on 08 January, 2013 and 28 March, 2013, respectively. Currently, it is trading 24.9 percent below its 52-week high and 36.21 percent above its 52-week low. Market capitalisation stands at Rs 358.41 crore.