No view on Kalindee Rail right now: Sandeep Wagle
Kalindee rail has been moving in circuits for the last three trading sessions possibly a lot of expectations in the budget which did not come through.
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| Sandeep Wagle, Founder & MD, APTART Technical Advisory Services, aptartindia.com in a chat with ET Now talks about Kalindee Rail
What is your take on Kalindee rail?
It has been moving in circuits for the last three trading sessions possibly a lot of expectations in the budget which did not come through. The weekly pattern which was seen on the charts before the budget was not that negative in fact I was positive on the stock and I recommended it as a buy on declines but now the level at which it has gone it suggests that something definitely negative is coming or already is being discounted so at this point of time I will not have a view on the stock. I mean not positive downside around 150,145 that is the next target is what I am seeing.
What is your take on Kalindee rail?
It has been moving in circuits for the last three trading sessions possibly a lot of expectations in the budget which did not come through. The weekly pattern which was seen on the charts before the budget was not that negative in fact I was positive on the stock and I recommended it as a buy on declines but now the level at which it has gone it suggests that something definitely negative is coming or already is being discounted so at this point of time I will not have a view on the stock. I mean not positive downside around 150,145 that is the next target is what I am seeing.
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