Mercator lines is on an upside: Sandeep Wagle, APTART Technical Advisory Services
At a current level of Rs 39 I would rather prefer to buy it above Rs 43 and watch the volumes only then a clear pattern can emerge.
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| Updated: Sandeep Wagle, Founder & MD, APTART Technical Advisory Services, www.aptartindia.com, in a chat with ET Now, gives his call on Mercator Lines
What is the call on Mercator Lines?
Some bit of an upside, Rs 42-43 is what I can talk of. At a current level of Rs 39 I would rather prefer to buy it above Rs 43 and watch the volumes only then a clear pattern can emerge and we can talk of a target of a Rs 50 plus. At this point of time range bound between RS 35 on the downside and Rs 42 on the upside and I do not see the stock coming out of this range in the immediate couple of trading sessions.
What is the call on Mercator Lines?
Some bit of an upside, Rs 42-43 is what I can talk of. At a current level of Rs 39 I would rather prefer to buy it above Rs 43 and watch the volumes only then a clear pattern can emerge and we can talk of a target of a Rs 50 plus. At this point of time range bound between RS 35 on the downside and Rs 42 on the upside and I do not see the stock coming out of this range in the immediate couple of trading sessions.
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