Avoid Saregama India, Ceat: Sandeep Wagle

Sandeep Wagle, Founder & MD, APTART Technical Advisory Services, in an interview with ET Now talks about Saregama India, Ceat.

Saregama India up 20%, Ceat up 11%, Aries Agro, JVL Agro both up odd 10%. Any of these stocks, including Hindustan Motors as well which is up 13%, on the chart have a little more headroom left?

Well, all of the stocks that you mentioned are looking good for some more upside. But the point is when they have already moved up by 10%-12%-15%, whether it makes sense to enter at these levels because one can be trapped as a trader? Yes, if there is a decline of 4%-5%, then they can be bought. I would say better avoid because the stocks have a tendency to move up in a big way and then consolidate and time-wise they can take you out.