Talwalkars can retest 133-140 levels: Ashwani Gujral

In a chat with ET Now, Ashwani Gujral, Chief Market Strategist, ashwanigujral.com (Technical Check), shares his views on various stocks.

ET Now: What is your call on Talwalkars ?

Ashwani Gujral: Talwalkars did not go up too much but that has also hit fresh lows. this means lower than even the level where it got listed at about 133. So, chances are that it will go and retest 133 to about 140 before it starts declining again because it is in a clear downtrend.

That downtrend reverses above 150. So, we can get past 150 and may be the stock can move higher but otherwise there is two or three day moves will finally find selling again.