Stop trading in Jubilant Foodworks at this point of time: Sandeep Wagle

In a chat with ET Now, Sandeep Wagle, Founder & MD, APTART Technical Advisory Services, aptartindia.com, talks about Jubilant Foodworks.

ET Now: What is the call on Jubilant Foodworks?

Sandeep Wagle: Jubilant Foodworks, I would not go short at this level. I may not also buy. I will wait for some more decline. So basically you cannot trade in that stock at this point of time. I would wait for some more decline but the main trend of that stock is up. So going short does not make sense. Booking some profits at higher levels could be a different ballgame.