Alok Industries can be bought with a stop loss of 90: Sandeep Wagle

In an exclusive interview with ET Now, Sandeep Wagle, Founder & MD, APTART Technical Advisory Services, www.aptartindia.com, talks about Alok Industries stocks. Excerpts:

You have a pick as Alok Industries. Do you still maintain that bullish stance on this stock?

Yes, yesterday and day before, we had 2 good days, very high volumes and it has made a higher top, also higher bottom and once it has closed above 20 with higher volumes, the pattern suggests that it will have the potential to go to somewhere around 24.50-25.00-25.50. So around 21 to 20 is a level where it can be bought with a stop loss of 90 and a target of around 25.