Avoid Saregama at this point: Sandeep Wagle, APTART

Sandeep Wagle, Founder & MD, APTART Technical Advisory Services, in a chat with ET Now talks about Saregama India.

Can you throw light on the chart patterns on Saregama India?

Being a smaller stock, you cannot count this move in percentages but Saregama has already moved up. At this level, there may be some offside, I would definitely not recommend entry at this point of time. If you have got in at lower levels, this is a level to book profits. You may get the stock at 100-105 levels.

So one has to be very careful when a stock has moved up something like 15-20-25% in a span of 3 days.