See lower levels in ALSTOM India: Sukhani

See lower levels in ALSTOM India, says Sudarshan Sukhani of s2analytics.com.

Sukhani told CNBC-TV18, "CESC has been a very big disappointment, a rally fizzled out completely and it is now making an unusual bearish pattern at the lows of a trading range. If that is so and if it works out then it’s going to break a long trading range and go into unchartered territory on the lower side. It’s a bad chart."
He further added, "ALSTOM India is one of those highfliers which have completely failed and disappointed. It’s a same story as CESC. It tried to rally, the rallies have failed. It is making a similar bearish head and shoulder pattern at the low end of its trading range. If it breaks and the sense is that it’s going to break then we are looking at lower levels. So this market is getting divide in two parts; stocks that are going to underperform, no matter what the Nifty does and of course stocks that are outperforming."
Disclosure: I have no personal holdings in the above stocks.