Avoid Prakash Industries: Ashuu Kakkarr, Technical Analyst

Probably you could see the 52 week lows, may be about closer to 120-117 or so.

Ashuu Kakkarr, Technical Analyst, Market Strategist, www.ashuukakkarr.com, in a chat with ET Now talks about Prakash Industries.

What is your call on Prakash Industries?

At this point of time, it clearly looks to me that it has got more downside than any kind of upside. Probably you could see the 52 week lows, may be about closer to 120-117 or so. So probably I think I would give it a miss, avoid the stock for a trade or investment till there is some clarity. I think it’s a no trade for me.
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