Buy TVS and Havells India: Sandeep Wagle

Sandeep Wagle, www.aptartindia.com, Founder & MD, APTART Technical Advisory Services, in a chat with ET Now, gives his views on his stock recommendations.

What are the stocks you are recommending today?

Pantaloon Retail is a stock which we have been bearish on for a very long time almost over the last 5 to 7 trading sessions and it is not going up even in this market. The moment it breaks 253, the stock will be down to 240 or 242. TVS is a consensus buy. It has given a very strong breakout on the weekly charts at a level of 62. So we have a view till around 70. The stop loss can be maybe 58 or so and Havells is one stock which has given a breakout just today, kind of an inverse head and shoulder pattern or a rounding bottom pattern and Havells will have the strength to go to somewhere around 388 to 390. So at a current level of maybe 370, it can be a good trade for the next 5% to 7% to 8% over the next few days or weeks and this stock is not going to be affected by the news that is going to come in today.