255 is a very critical resistance for Atlas Cycles: Rohit Shinde

In a chat with ET Now, Rohit Shinde, Independent Analyst, talked about Andhra Cement and Atlas Cycles. Excerpts:

Your thoughts on Andhra Cement and Atlas Cycles?

For Atlas Cycles, very good pattern, done very well today also, around 255 levels today. This 255 is a very critical resistance for the stock and now it has broken out from these levels of approximately 240. Those people who have got into this stock maybe yesterday or day before yesterday, they should book out of the stock because the target which we were expecting has already reached there. Andhra Cement, it is a low price stock, 22-23, so if there is some very good move and it take 25 with good volumes, then it is ideal to look at this stock. Otherwise, again it might come down to 20 levels.