Bajaj Hindusthan a good bet: Sandeep Wagle

Excerpts from Midcap Radar on CNBC-TV18 Watch the full show » ALSO READ See previous views by Sandeep Wagle See what other Experts & Brokerages are saying about Bajaj Hind See messages about Bajaj Hind Bajaj Hind BSE | NSE 10/02/12 Are Mutual Funds betting on Bajaj Hind?

Bajaj Hindusthan a good bet, says Sandeep Wagle , Head of Technical Analysis, Angel Broking.

Wagle told CNBC-TV18, "I am seeing strength in the sugar pack. Best stock in the sugar pack is Bajaj Hindusthan. The pattern is very clear but I am not getting a very clear risk to reward where one can buy it."

He further added, " Orchid Chemicals has given a very clear breakout. We are seeing 15-20% of move in the next couple of week's time, can be bought even at current levels with a 2-3% stoploss. If you talk of specifically sugar pack Bajaj Hindusthan remains the best bet."

Disclosure: I do not own the above stock but our clients maybe having some positions in it.