Buy ELGI Equipment for target of Rs 218: Aptart

MUMBAI: Sandeep Wagle, MD, APTART is of the view that ELGI Equipment has seen a price and volume breakout. He has advised traders to buy the stock for target of Rs 218.

“Buy ELGI Equipment in the range of Rs 203-201 with stoploss of Rs 198.50 for target of Rs 218. Price and volume breakout seen in the stock,” said Wagle.

Note: Trading idea valid for time-period of 2-3 weeks.

The entry / exit price levels, stop-losses, targets as well as the time frames are indicative and people should use their discretion in implementing the same.