Bearish on Educomp: Sandeep Wagle

Sandeep Wagle, Founder & MD, APTART Technical Advisory Services, www.aptartindia.com, in a chat with ET Now, gives his stock recommendation


How about an Educomp, which is up over 14% today? What would you advise investors then?

This is not very high momentum stock. I would advise some profit booking. In case somebody has bought lower or he is stuck, I would recommend an exit in the range of around Rs 225-230. Possibly another Rs 10-12 upside is what I see with the flow but that is where you should use to exit or go short. I see lower levels coming and in case the market corrects, this stock can fall much more.