Recommend a buy on Jubilant Organosys in 364-362 range: Sandeep Wagle, APTART Technical Advisory Services

Sandeep Wagle, Founder & MD, APTART Technical Advisory Services, in a chat with ET Now talks about Jubilant Organosys.

Jubilant Organosys has gained about 70% in the last five days. Which direction does it go in from now and what do you do with this stock?

Yesterday it gave a very clear and a decisive breakout above 360 and the volumes were also very much on the higher side. It has cleared a very strong resistance or multiple resistance area and that becomes a strong buy. We have a buy in the range of 364 to 362, a stop loss of 357 and we expect a target of around 385 in the next 5-7 trading sessions.