Buy Berger Paints in the range of 65-63: Sandeep Wagle

Sandeep Wagle, Founder & MD, APTART Technical Advisory Services, www.aptartindia.com in an interview to ET NOW said Berger Paints has the potential to go to somewhere around 70-72, so that can be looked at as around 8-10% upside.

Your picks today are slightly eclectic mix if I may say that, so I will name them first, Berger Paints, Amtek India, Ansal Infra and CESC. Buy, sells, whichever one you want to start with?

I have a buy in Berger Paints in the range of 65-63, stop loss of 61 and a target of 72. Yesterday it has given a breakout with good volumes and in fact today morning, it made a high of 67.30 and now it is on the correction mode, but I believe that in the next few trading sessions, this stock has the potential to go to somewhere around 70-72, so that can be looked at as around 8-10% upside and this stock has a tendency to move against the market. Yesterday when the whole market was tanking, this stock was almost up 7% or 8%, so I would not be surprised if in the next few days, the upmove comes.