Avoid Dr Reddy's Laboratories: Sudarshan Sukhani

Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "Dr Reddy's Laboratories' charts are suggesting lower highs-lower lows pattern. In simple words it means that the intermediate trend is now down. Small rallies have been sold into and the declines are much larger. So, as of now I have no idea why this is so. There is no trade on the buy side and you cannot short sell Dr Reddy’s, so it is an avoid."

Dr Reddys Laboratories ended at Rs 3,139.15, down Rs 66.10, or 2.06 percent.

The share touched its 52-week high Rs 3,662 and 52-week low Rs 2,250 on 01 December, 2014 and 19 May, 2014, respectively.