Positive on Wockhardt and Titan: Sandeep Wagle
We have booked profits at 190 or possibly around 200-205 and move from 205 to 260 has just happened in 3 days.
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| Sandeep Wagle, www.aptartindia.com, Founder & MD, APTART Technical Advisory Services, in a chat with ET Now talks about Wockhardt and Titan.
Wockhardt and Titan your thoughts on the charts?
Wockhardt we had talked of it at around 155-160 and my regret has been that we have booked profits at 190 or possibly around 200-205 and move from 205 to 260 has just happened in 3 days. I am just looking at the charts. Titan again one big move has occurred at this point of time, it will consolidate between 2800 and 3000. So if you have a short term in mind I think it is better to book out of Titan. One can place a stop loss of somewhere around 2740 which is the monthly low, but long term wise the pattern is still positive. I look at a next target of 3250-3300 but that may take a few months.
Wockhardt and Titan your thoughts on the charts?
Wockhardt we had talked of it at around 155-160 and my regret has been that we have booked profits at 190 or possibly around 200-205 and move from 205 to 260 has just happened in 3 days. I am just looking at the charts. Titan again one big move has occurred at this point of time, it will consolidate between 2800 and 3000. So if you have a short term in mind I think it is better to book out of Titan. One can place a stop loss of somewhere around 2740 which is the monthly low, but long term wise the pattern is still positive. I look at a next target of 3250-3300 but that may take a few months.
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