Abhishek Industries a good investment call at current levels: Devang Visaria, Devangvisaria.com

Devang Visaria, Chief Strategist, Devangvisaria.com, in a chat with ET Now talks about GTN Textiles, Patspin, Ventura Textiles.

Talking about GTN Textiles, Patspin, Ventura Textiles, technically what’s going on here? Is there anything within textiles that you think the momentum can be run with the liquidity, at least as an exit?

I hardly track much of the textile space but Abhishek Industries had seen some kind of smart gains in the last month. In April, you had seen very strong gains coming into that stock and now it has just been stagnating and consolidating on the back of low volumes. So possibly you could have a good investment call on Abhishek Industries at current levels of 17 or 18 with a stop of just around 13.5 or 14. I would expect this stock to get back to around 28 or 30 levels over the next two or three months but again this is a stock only for traders who are aggressive and not for the risk avoiding people.