Exit Shree Renuka Sugars at around Rs 18.50-18.80: Sandeep Wagle

Sandeep Wagle of powermywealth.com told CNBC-TV18, "Shree Renuka Sugars moving in the Rs 15 to Rs 19 range and I do not see Rs 19 being broken. So, anywhere between Rs 18.50 and Rs 18.80 I would recommend an exit."He further added, "I do not see strength in that sense. On the downside, once Rs 15 broken, the stock could come down to Rs 12. So, that could be your stoploss, Rs 14.80 or something around that. I would recommend an exit nearer Rs 19."