Sell Punj Lloyd, says Shardul Kulkarni

Sell Punj Lloyd, says Shardul Kulkarni, Sr Technical Analyst of Angel Broking.

Kulkarni told CNBC-TV18, "We recommend selling Punj Lloyd. In this particular counter we see a perfect head & shoulder pattern & we expect this particular pattern to pan out in the next few trading sessions. The implications of this particular patter is clearly negative thus we recommend selling Punj Lloyd Futures with a stop loss of Rs 61.45 and a target price of Rs 54 in the next 3-5 trading sessions."