Sukhani's view on Educomp Solutions, Havells India

Sudarshan Sukhani, s2analytics.com view on Educomp Solutions, Havells India.

Sukhani told CNBC-TV18, “I am still bearish on Educomp Solutions. It is now at Rs 140, again bearish patterns are emerging which suggested eventual double digit level but that is far away. At this point we are looking at something much lower. We could be having a target of Rs 133-130 which is good enough for short-term traders. It’s a sell.” He further added, “Havells India was up with good volumes and with a very wide range. Normally I would avoid these wide range days because it consolidates after such ranges so wait for the consolidation. In case of Havells that may not be necessary because it broke down sloping trend line, moved up and its past record says that when it sees these up days there is follow-through for the next two-three days. So for a day trader or even for a person holding to a position for two days, it makes sense to go long. There is a stop if it doesn’t work out. But I think it should."