Buy Hindustan Copper when it breaks 485: Sandeep Wagle

Sandeep Wagle, Founder & MD, APTART Technical Advisory Services, aptartindia.com in a chat with ET Now talks Hindustan Copper.

What’s your call in Hindustan Copper though because there was a whole lot of positional building on this counter but then there was news flow that divestment is indeed is yet again sort of postponed? What would you do with Hindustan Copper?

The charts are not reflecting that. We have a very strong resistance in the region of 485-490 and in a market like this, it is down by almost a 1% or so, so this stock will be a good bet above 485 levels. If there is some positive news, it will break 485 and I would buy it then with a Rs. 5-7 stop loss and then it has the potential to go to somewhere around 520-525.