Wait and watch for Kale Consultants: Rajat Bose

Rajat Bose, rajatkbose.com, talks to ET Now on various stocks.

What is the call on Kale Consultants?

If you see the medium term moving average was at 78.54. I am talking about an 89-day exponential moving average and that has earlier resisted any movement on the upside once in April and again in July and similarly this time also.

So unless we see Kale Consultants really taking out this moving average at 78.55, I do not think that we should read too much into this development and this is a sporadic buying. This peters out once the news flow is through.