Orchid Chemicals may test Rs 200: LKP

Orchid Chemicals may test Rs 200, says Rakesh Gandhi, Senior Tech Analyst, LKP.

Gandhi told CNBC-TV18, "The stock has broken that 500 days moving average, which has not been broken since last  2 years or so. So now that it has broken that level and is trading below that at around Rs 237 this point of time."
He further added, "The first target I would be looking for on the downside would be around Rs 200 where it could find a huge support."