Buy Deccan Chronicle on dips: Technical Trends
Cannot say whether the downtrend is over but there is a short term up move.
By 
|
| What is the call on Deccan Chronicle ?
Sudarshan Sukhani: Deccan Chronicle was a buy in yesterday morning’s show. I had explained that the stock has fallen so much from 150 to 60 that even a relief rally should make money. We cannot say whether the downtrend is over but there is a short term up move. So traders could continue to buy it on correction till the up move starts fizzling out. There is probably more money on the upside.
Sudarshan Sukhani: Deccan Chronicle was a buy in yesterday morning’s show. I had explained that the stock has fallen so much from 150 to 60 that even a relief rally should make money. We cannot say whether the downtrend is over but there is a short term up move. So traders could continue to buy it on correction till the up move starts fizzling out. There is probably more money on the upside.
Too busy to trade in stocks? Invest in Mutual Funds with ET Money!
Bookmark or read stories offline -
Download ET Markets APP
Download ET Markets APP
ADVERTISEMENT
