Buy Andhra Sugar in the region of 129 to 127: Sandeep Wagle

Sandeep Wagle, Founder & MD, APTART Technical Advisory Services, www.aptartindia.com spoke to ET Now and gives his views on Andhra Sugar.

Why are you bullish on Andhra Sugar?

Sugar space is bullish over the last three weeks.

In fact, there was a time when we were bullish on 3 stocks on 1 day last week and all of them have moved up. So this is a midcap which has not moved up and beyond 132, this stock has the potential to go to around 140.

We have a buy in the region of 129 to 127, stop loss of 124.50 and a target of 142. Time frame again 7 to 8 trading sessions, good volume built up yesterday and once above 132, the move can come in very fast.