Sell Titagarh Wagons if breaks Rs 270; Parag Doctor

Parag Doctor of Keynote Capital advised selling Titagarh Wagons if the stock breaks support level of Rs 270.

Doctor told CNBC-TV18, "Around Rs 270 level is the last support for Titagarh Wagons. If it was to break that on a closing basis then definitely one should exit the stock. And on the upside there is a band of resistance between Rs 325 and Rs 340 which is a long term resistance from the 200- day average and the 100-day average."
"So, that is difficult to cross in the immediate future. The best thing is to exit the stock or may be wait till the Budget or if Rs 270 breaks that would be the best time to exit the stock," Doctor added.