Sell Andhra Bank, target of Rs 134: Mohinder

Rahul Mohinder, Technical Analyst at viratechindia.com has recommended selling Andhra Bank with a target price of Rs 134.

Mohinder told CNBC-TV18, "We advise selling Andhra Bank. We have seen a strong pullback rally in the stock. In fact unlike most other banking stocks this one gave us a fairly decent performance over the previous 2 weeks. One could be looking at a sell below the Rs 142 levels. That is a breakdown below Rs 142 is where I would sell Andhra Bank. Target on the stock would be at Rs 134 and I keep a stoploss on this at Rs 146."