Educomp is a sell on every rally: Anil Manghnani

A move started in education in Friday’s trade, how do you view these stocks? Do you think the likes of Educomp, Everonn and Aptech can probably sustain this move?

Technically Everonn may still look okay. It has not really corrected sharply with the rest of them but Educomp, I still feel is a sell on every rally. The range 700-730 is a strong resistance zone and just the way a stock has fallen off from 1000 odd levels, it does not bode well.

In case we have let’s say another down leg post the budget, then Educomp could again really see levels sub-600 also. So Educomp I look to sell on any rally. May be Everonn might play into the Budget and see what happens in the Budget.