Exit Opto Circuits India: Sandeep Wagle

Sandeep Wagle of powermywealth.com told CNBC-TV18, "Opto Circuits India is making a lower top lower bottom which is a sign of weakness. At the most I would advise an exit on a bounce back. Now whether that bounce back will come again nobody can say but in the range of Rs 13-13.50 one would be lucky to get an exit if one gets it. The level of Rs 15 is the level where I don’t see this stock crossing on the upside. So, very clearly I would be a seller anywhere near that.""I am not that positive in Bank of Baroda though in long-term things can change. I would talk of the next six to eight months; I think the stock is likely to move in the Rs 130-155 range. Near at Rs 155 I would recommend an exit. I don’t see strength, rather if it breaks out of Rs 160-162 then the stock can head to Rs 180-185 then separate entry can be taken but as of now I don’t see that happening. You may see lower levels. On the downside one should keep a stop loss of Rs 130 because if Rs 130 is broken and even Rs 110 is possible. So, I would recommend exiting near Rs 155."