Beyond 150, Hanung Toys can reach 180 levels: Ashwani Gujral

In a chat with ET Now, Ashwani Gujral, Fund Manager, ashwanigujral.com, gives his views on stocks. Excerpts:

ET Now: What's the call on Hanung Toys?

Ashwani Gujral: While the market remains sideways, these off centre stocks will continue to do their own thing. Hanung Toys corrected from 150 to about 120. It has found consistent support at 120.

Longer term supports are there, so now it could rally back towards those 148-150 type of zones. So basically it will hold on even if the market moves sideways. So this is a fairly decent trade with a 1:2 type risk reward. If it crosses 149-150, then we are looking towards levels of about 175-180.