No point getting into PVR till it breaks 170: Sandeep Wagle

Sandeep Wagle, Founder & MD, APTART Technical Advisory Services, in an interview with ET Now talks about PVR.

Your comments on the technicals of the PVR stock if there are any?

You said volumes are absolutely lacklustre, which makes it move in a sideways move for a very long time and when a stock goes into a sideways move, you do not know how long it can continue, so broadly I see this move in the range of 150-160. I do not even see 170 coming and unless it breaks that one, possibly once above 170, then one can talk of a price target of 200-210, so till it breaks 170, there is no point in getting into the stock, very sideways is what I will talk of.