Pantaloon Retail tends to underperform in a bad market: Ashwani Gujral
It is likely to retest its recent lows of 235-240. It has resumed a downtrend after kind of having its pullback rally.
By 
| Updated:
| Updated: Ashwani Gujral, Chief Market Strategist, ashwanigujral.com (Technical Check) in a chat with ET Now talks about Pantaloon Retail.
On the charts Pantaloon Retail?
This is a stock that tends to underperform in a bad market so chances are that it had its large rally to about 365 on that retail FDI news. Now it is likely to retest its recent lows of 235-240. It has resumed a downtrend after kind of having its pullback rally. Once 240 goes in there is a vacuum till about 190-195 so 240 needs to be watched fairly closely.
On the charts Pantaloon Retail?
This is a stock that tends to underperform in a bad market so chances are that it had its large rally to about 365 on that retail FDI news. Now it is likely to retest its recent lows of 235-240. It has resumed a downtrend after kind of having its pullback rally. Once 240 goes in there is a vacuum till about 190-195 so 240 needs to be watched fairly closely.
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
Related Articles
When Ashwani Gujral predicted current stock market selloff just a few days agoADVERTISEMENT
