Buy Everest Kanto with stop loss of 133.30, target of 150-151: Sandeep Wagle

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

Why are you bullish on Everest Kanto?

Yesterday it has broken a very strong resistance at 135-136 with good volumes. So any move towards that is an opportunity to buy. So we have a buy in the region of 139 to 136, stop loss of 133.30 and a target of around 150-151.

Time horizon could be around 7 to 8 trading sessions. We are looking at a 7% to 8% to 10% upside.