Varun Shipping stop loss 42.50, target 47.50: Sandeep Wagle

In an exclusive interview with ET Now, Sandeep Wagle, Founder & MD, APTART Technical Advisory Services, talked about Varun Shipping. Excerpts:

What is your call on Varun Shipping?

Yesterday, great volumes and price breakout at 43.50 were combined together, and looked like it would go to 46.50, possibly 47.50. Again an 8-10% play over the next week or so is expected, and the stop loss can be 42.50 and the target 47.50.