Sell Aurobindo on a rally up to 152-153: Sandeep Wagle

Sandeep Wagle, Founder & MD, APTART Technical Advisory Services, www.aptartindia.com, talks to ET now on various stocks.

What is your call on Aurobindo?

Aurobindo... I would say the less said the better. There was a time when we were bullish on this stock about 200 levels but when it is broken 157-158 it has made a very clear head and shoulders pattern the target of which will come sub 100, somewhere around 70 to 75 but immediately I see the stock going to somewhere around 90-95 that is where the support is.

So if somebody wants to buy that is the earliest level one can think of. I would talk of a sell on a rally up to 152-153. I do not see this stock crossing 160. If one has to buy for the long term that has to be only on breaking of 160 or possibly near 70-75 levels which can happen over the next few weeks or so.