Seeing further momentum in Vindhya Telelinks: Sandeep Wagle

Sandeep Wagle, Founder & MD, APTART Technical Advisory Services

Shed some light on Vindhya Telelinks?

Sandeep Wagle: The pattern is exceptionally good but low volumes or sudden burst tells something that something suddenly has happened which has come to the notice of the market but one needs to be extremely careful. Pattern wise, I see the momentum further, I see a move till 450 and the way it has closed yesterday with the highest volumes ever, that augers very well but if you ask me about all the optic stocks, 1996 to 2000, there was a net shoptake and there were a lot of other stocks. I do not see any strength in any of this, so this is more of a stock specific move and I definitely see a move till 450 but then to buy it here, one has to take that risk because downside, it is very very clearly a news based or even based thing that is happening and one has to keep tight stop loss possibly 5% or 7% and play for 20-25-30-40% upside.