Pantaloon Retail can go down to 170-172 levels: Sandeep Wagle

In a chat with ET Now, Sandeep Wagle, Founder & MD, APTART Technical Advisory Services, www.aptartindia.com, shares his views on various stocks.

ET Now: What is your call on Pantaloon Retail?

Sandeep Wagle: Breaking 180 is quite a possibility for Pantaloon Retail. This stock had moved up on some news regarding FDI and it has moved from 150 levels up to 203. So, this is a correction though a little sharp and it is quite possible that 180 may be broken. However, I do not see the bottom of 150 being broken. It may go down to 170-172.