Buy Ansal Infra and Torrent Power: Sandeep Wagle

Sandeep Wagle, Founder & MD, APTART Technical Advisory Services, aptartindia.com in a chat with ET Now gives his take on Ansal Infra and Torrent Power.

How is Ansal Infra looking on the charts and how is it going to pan out? Also can you throw some light on Torrent Power, you have a recommendation on that with a stop loss of 315?

Yesterday Ansal Infra has given a breakout at a level of around 86 and very strong volumes which indicate a further upside momentum. We have a buy in the range of 88 to 86 and in fact today’s low was somewhere around 87.

We have a stop loss of 83.30 and we are looking at a target of 96. This can happen in the next five to seven to eight trading sessions.

We have a buy in Torrent Power in the region of 330 to 325. 330 is the breakout point, that is a level we thought we will buy that. Stop loss of around 315 and a target of around 352. This is again a seven to eight trading session, 5% to 7% upside move expectation.