Hotel Leela looks positive from a 6-12 months perspective: Sandeep Wagle

Sandeep Wagle, Founder & MD, APTART Technical Advisory Services, aptartindia.com in a chat with ET Now gives his take on the stock of Hotel Leela.

Hotel Leela, the moves are not consistent. The stock actually went up to about 40, collapsed back to about 32 and then has made a slow move, taken almost four months to go from there to go about 49. Can you really play this on a day trade or these are flash in the pans. It will happen one two days. How will you play this?

It is more like a flash in a pan in terms of a day trade but talk of the weekly-monthly pattern of Hotel Leela. Talk of the next 6 to 12 months, it is extremely positive. Strong closing beyond 53 can take it to the tune of 65 to 68 but then that discussion is for some other time.