Buy JSW Steel on dips: Sudarshan Sukhani

Sep 03, 2013, 02.21 PM IST

Sudarshan Sukhani of s2analytics.com recommends buying JSW Steel on dips with a target of Rs 600.

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Sudarshan Sukhani of s2analytics.com recommends buying JSW Steel on dips with a target of Rs 600.

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Buy JSW Steel on dips: Sudarshan Sukhani

Sudarshan Sukhani of s2analytics.com recommends buying JSW Steel on dips with a target of Rs 600.

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Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "We should be buying JSW Steel on dips rather than selling it. The stock is now bottoming out and that sign is coming in a lot of other stocks."

"We are looking at buying the stock and taking a target of Rs 600. so this is not an intraday target. But the more important point is that we should be taking those trades which are likely to make money rather than just a time span. Wait patiently; the chances are that these head and shoulder breakouts will work as they should work in Bharat Heavy Electricals (BHEL)," he said.

Also Read: Likely to hike price shortly, can't specify quantum: JSPL

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