More downsides in Gujarat Fluoro: Sudarshan Sukhani

More downsides in Gujarat Fluorochemicals, says Sudarshan Sukhani of s2analytics.com.

Sukhani told CNBC-TV18, "We have been downbeat on Gujarat Fluorochemicals for sometime. There was a possibility that the trend has changed but it did not. It has made a very bearish pattern, broken down from it. This was an erstwhile momentum favourite. It is now just doing the reverse. There is much more downside here, probably Rs 200 also."

He further added, "The approach should be to go and sell BHEL. That does not mean we short it just now but the trend is now down. So the opportunities are on the short side."