Avoid Gujarat Gas, says Sudarshan Sukhani

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Avoid Gujarat Gas, says Sudarshan Sukhani

Avoid Gujarat Gas, says Sudarshan Sukhani of s2analytics.com.

Sukhani told CNBC-TV18, “Gujarat Gas -that was just a chance yesterday that it fell so dramatically but even without yesterday’s move, Gujarat Gas has a very weak chart. This is not a stock we want to go and buy. Yesterday’s move simply confirmed that feeling. So here is a share that you want to avoid completely.”

He further added, ” DCB has a good chart. It went through a very reasonable correction then it is consolidating and is trying to move out above the consolidation. That is always the sign of a bullish and reasonably well placed stock. Whether that succeeds or not depends a little on the market also but assuming that we were looking at DCB alone, that is a buying opportunity. It is just breaking out of a consolidation and I think we should be looking to buy it.”

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