Educomp could go as low as 120: Ashwani Gujral

In a chat with ET Now, Ashwani Gujral, Chief Market Strategist, ashwanigujral.com, shares his views on Educomp.

What is the call on Educomp?

Educomp is another story stock that has fallen on its face. So chances are that we could go as low as 120 if this bear market continues because in four days, it has fallen from 290 to about 190. Chances are that some kind of heavy selling has again emerged in Educomp. All of these heavily leveraged stocks, the pain is not over here and you will see amazing levels before these stocks bottom out.