Bajaj Electricals looks range bound: Sandeep Wagle

Sandeep Wagle, Founder & MD, APTART Technical Advisory Services, aptartindia.com in an interview with ET Now talks about Bajaj Electricals.

On the charts, a Bajaj Electricals at 233?

I do not see anything particularly happening, range bound between 246 on the higher side if one takes a little broader view and on the lower side, it is around 220-222.

So I do not see this stock moving out of this range and once it breaks 246, we can talk of a target of 260 and then it will gain strength, so at this point of time, I would call it range bound and possibly it will move with the market is what I would say.