Bullish on sugar sector, says Sandeep Wagle

Sandeep Wagle of powermywealth.com told CNBC-TV18, "I am bullish on the sugar sector and I am more bullish over a longer period of time. I would advise to add on the moment Rs 33 is broken because that is a very clear breakout. As of now, one can hold on with a stop loss of around Rs 22 or so. On the upside, once Rs 33 is broken, I think the stock can even go to Rs 48 and probably once Rs 48 is broken, it can even move to Rs 55-56. So, that will give a return of more than 100 percent. So, I would add on only if Rs 33 is broken not otherwise.""I don’t see any bounce back in Lanco Infratech. I don’t see even Rs 5-5.50 been crossed. However, I cannot tell to exit. Only momentum will come in if the stock closes above Rs 8 and that is very far away. It is 100 percent from the current level almost and I don't see even that happening. However, in terms of technical terms if Rs 8 is broken out then the stock can hit towards Rs 12-14 or something like that but till that doesn’t happen I don’t see any strength in the stock.""I don't see Coal India going beyond Rs 288 to Rs 290. So I would recommend an exit anywhere near that. If one has one week, I don’t think any move is likely. I don't even see Rs 280 being crossed. The stock is in a medium-term downtrend and on the downside if Rs 270 is broken down, we may even see Rs 250."