'Avoid Shree Ashtavinayak and DQ Entertainment'

In a chat with ET Now, Sandeep Wagle, Founder & MD, APTART Technical Advisory Services, talks about the outlook of IVP, Shree Ashtavinayak and DQ Entertainment.

How is IVP looking on the charts?

If somebody has a shorter term view, a circuit does not make sense to book profits but I cannot give a bigger target than Rs 84-85. if you talk of the monthly chart and have a 6 to 12-month view, this stock has the potential to go to Rs 150 or Rs 160. Preferably, I would like to buy this stock above Rs 90 but the pattern would be very clear. This stock has the potential to go to around Rs 150-160 but in short term, I would not have a clear view because there can be some profit booking, cannot be ruled out.
What’s your view on Shree Ashtavinayak and DQ Entertainment?

I would like to avoid both of these. These are actual traps for investors and traders. Even today from Rs 1465, Shree Ashtavinayak has fallen by Re 1. I would advise investors and traders to refrain from these stocks.