Avoid Balaji Telefilms: Sandeep Wagle, APTART Technical Advisory Services

Sandeep Wagle, founder & MD, APTART Technical Advisory Services, in a chat with ET Now talks about Balaji Telefilms and PVR.

What about Balaji Telefilms on the charts? There is news of course on that and a PVR.

We had a buy if the breakout was at around 55 today and it has moved up by 20%. So at this point, I think it should circuit. So there is no point in buying the stock but I still see an upside to that of around 67-68 one can hold on.

I don’t see that kind of a built in PVR though the chart pattern is positive. I think I would wait for a breakout above 190 and I would check the volumes and then one can go long in PVR.