Be cautious on Polyplex: Rohit Shinde, Nimbus Wealth Management

Rohit Shinde, Head Technical Research, Nimbus Wealth Management, in a chat with ET Now talks about Polyplex.

What are your thoughts on Polyplex?

Talking about Polyplex, the charts are much stronger but the volumes have just cropped up in the past 1.5-2 months only. Before that, there was no volume. It was moving on very low volumes but suddenly now, it has started moving with very heavy volumes and volumes are also tapering off again. So one has to be really very careful, keep a very tight stop loss for this particular stock and then look for the targets going ahead.