Buy Carborundum at Rs 220, target Rs 245, stop loss Rs 212: Sandeep Wagle

In a chat with ET Now, Sandeep Wagle, founder & MD, APTART Technical Advisory Services, talks about the outlook of Carborundum.

What is your call on Carborundum?

It has broken out of multiple resistance level at around Rs 218-220 and Rs 220 remains a very good level to buy this stock. Stop loss being Rs 212 and we are looking at a price target of Rs 245, roughly around 8-10% move over the next week or two.