Avoid Texmo Pipes and Burger Paints: Sandeep Wagle
Texmo Pipes has moved quite a bit and one can see an upside to the tune of around 68-70 but it may not make a proper risk-reward ratio.
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| Sandeep Wagle, Founder & MD, APTART Technical Advisory Services, www.aptartindia.com, in a chat with ET Now talks about Texmo Pipes and Burger Paints.
Texmo Pipes and Burger Paints on charts?
We had a buy in Burger Paints the day before at a price of 97 and our target was 110. Today is some more upside possibly to the tune of around 130 or so but I am not comfortable buying it at this level, may be on a decline if at all it comes to 110, I would be comfortable.
Texmo Pipes has moved quite a bit and I see an upside to the tune of around 68-70 but it may not make a proper risk-reward ratio and this kind of stocks give you big moves on big volumes on a day and then tend to move sideways, so possibly on a correction to around 54-55, I would consider this stock, not at these levels.
Texmo Pipes and Burger Paints on charts?
We had a buy in Burger Paints the day before at a price of 97 and our target was 110. Today is some more upside possibly to the tune of around 130 or so but I am not comfortable buying it at this level, may be on a decline if at all it comes to 110, I would be comfortable.
Texmo Pipes has moved quite a bit and I see an upside to the tune of around 68-70 but it may not make a proper risk-reward ratio and this kind of stocks give you big moves on big volumes on a day and then tend to move sideways, so possibly on a correction to around 54-55, I would consider this stock, not at these levels.
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