Page Industries is not an investment bet now: Rajat Bose

In a chat with ET Now, Rajat Bose, rajatkbose.com, shares his views on sugar stocks.

ET Now: What is your call on Page Industries?

Rajat Bose: Page Industries can add another Rs 100. It has got good relative strength. However, Page Industries has failed to cross 2700-2750 levels despite several attempts from last August till current date. This suggests some degree of distribution and the oscillator charts are weakening.

Until 2180 levels which is the 200-day exponential average marked for this stock gets broken, the distribution would not be completely over. It would not signal a sell but definitely not an investment bet right now irrespective of the fact that some marky names among the mutual funds would be holding it.