Tue, Oct 16, 2012 at 09:04
Petronet LNG has been an outperformer, says Sudarshan Sukhani of s2analytics.com. It is now again moving out of a trading range, making new highs for this uptrend. A cyclical low is probably in place, so the next few days could see good rallies in this stock.
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Petronet LNG an outperformer, says Sukhani
Petronet LNG has been an outperformer, says Sudarshan Sukhani of s2analytics.com. It is now again moving out of a trading range, making new highs for this uptrend. A cyclical low is probably in place, so the next few days could see good rallies in this stock.
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Petronet LNG an outperformer, says Sukhani
Petronet LNG has been an outperformer, says Sudarshan Sukhani of s2analytics.com. It is now again moving out of a trading range, making new highs for this uptrend. A cyclical low is probably in place, so the next few days could see good rallies in this stock.
Sukhani told CNBC-TV18, "Petronet LNG after that sharp rally has been in a trading range, all these stocks are going in a trading range and breaking out. That gave us a sense that perhaps the markets is little more cheerful than we thought it is. It is now again moving out of a trading range, making new highs for this uptrend. A cyclical low is probably in place, so the next few days could see good rallies in this stock. In any case Petronet LNG has been an outperformer on a sustained basis."
He further added, " United Spirits keeps on coming in my list and I just can't believe that it has gone from Rs 600 to Rs 1300. But this is just a light win. United Spirits is not doing the right things for a stock that wants to move up. It has consolidated and after that consolidation it has broken down and to the best of my understanding its associate company Kingfishers charts are horrible. For the last few days Kingfisher was going circuit down. So it is a dismal association, so as to say as well as a mildly weak chart, it is a short selling idea."
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