Maintain positions in Titagarh Wagons, says Sameet Chavan

Sameet Chavan of Angel Broking told CNBC-TV18, "All the railway stocks have been on a roll since last couple of weeks. Titagarh Wagons also has moved up from the levels of Rs 110. Around Rs 160-170 we are seeing a multiple resistance, it is a multiyear resistance as well. Historically speaking, this stock has a tendency to correct from these levels.""I would advise to book profits once this stock reaches Rs 160-165 zone and wait for dip. Once this stock gives a decent decline probably towards Rs 135-130 one can look to cover it back. As of now one can maintain positions for a target of Rs 160-165 by keeping a strict stop loss at Rs 138," he added.