MVL is a hold: Shardul Kulkarni, Angel Broking

Shardul Kulkarni, Sr. Technical Analyst, Angel Broking, in a chat with ET Now talks about MVL.

Have you looked at the charts MVL? Can it go further from these levels?

I would say that MVL has done its share and I would expect a little bit of selling pressure at around 110 levels. So yes, you can ride the move but presently buying at current levels would not be justified. Revise your stop loss to around Rs 100 or probably say a two digit of 99 and hold onto long positions. That would be the advice but entering into this stock at 17% high today would be a little risky.