Buy Lanco Infratech, says Sukhani

Buy Lanco Infratech, says Sudarshan Sukhani of s2analytics.com.

Sukhani told CNBC-TV18, "I would trade RCF on the long side. It’s one of the rare cases where I would say that inspite of the big gains we have seen yesterday - that’s the previous trading day, there is money on the upside and it is possible to go and buy RCF on any intraday consolidation. Usually I advise wait, take a few days off and then enter but in case of RCF, this momentum should continue."
he further added, "Lanco has completed its pattern targets. That’s a significant event. It fell, it has turned half, from Rs 24 it has come down to Rs 12 but it’s also in the process, completed a reversal pattern and said okay, this was my target, I have reached this. So, once this stock completes its downside target, going short in that stock at the target is very risky affair because if not anything, it can bounce and give a relief rally."
"At this point Lanco is an interesting buying opportunity. I would not short it at all and traders can see some intra day strength. If they see some strength, Lanco can be bought because on the upside also it is a high beta stock, it can rally significantly."