Stop loss at Rs 30 for Ballarpur Industries: Shardul Kulkarni, Angel Broking

ET Now spoke to Shardul Kulkarni, Sr. Technical Analyst, Angel Broking, on his stock pick in the paper space.

What about some of the paper stocks on the charts, do you like anything?

I track only one paper stock which is Ballarpur Industries. This is a very good chart pattern and any dip towards the 34 mark should be used to go long technically. I would place a stop loss at Rs 30 and play for a little longer term time frame, probably 3 to 4 months at approximately Rs 46 to Rs 48.