Dhanlaxmi Bank on downtrend: Ashwani Gujral
"... I do not think it will have any kind of sustainable rally and sooner or later selling will just resume and head towards levels of 40 to about 45."
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| Updated: Ashwani Gujral, Chief Market Strategist, ashwanigujral.com, talks to ET Now on various stocks.
What is your call on Dhanlaxmi Bank?
Some amount of good news is just propping this up but if you see from where it has fallen sticking around 60 bucks is not too big of a consolation.
It has fallen from about 212 to about 60 unless we can take out levels of 73 I do not think it will have any kind of sustainable rally and sooner or later selling will just resume and head towards levels of 40 to about 45.
What is your call on Dhanlaxmi Bank?
Some amount of good news is just propping this up but if you see from where it has fallen sticking around 60 bucks is not too big of a consolation.
It has fallen from about 212 to about 60 unless we can take out levels of 73 I do not think it will have any kind of sustainable rally and sooner or later selling will just resume and head towards levels of 40 to about 45.
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