Orchid Chemicals is collapsing: Sudarshan Sukhani, Technical TrendsPosted on Tuesday, June 21, 2011 - 17:00 pm
What is the call on Orchid Chemicals?
Orchid Chemicals is actually collapsing. The chart patterns suggest that we had a trading range for almost 1.5 years that range is being broken today, at least at current prices, that's not good news, the chances are that this decline is not going to get stopped. We are going to see lower levels; there is no reason to buy it at this point. It may go below 200 also.