5-7% up move is seen in the immediate future for GAIL: Sandeep Wagle

Sandeep Wagle, Founder & MD, APTART Technical Advisory Services, aptartindia.com in a chat with ET Now talks about GAIL.

What about GAIL, have you seen the charts there and GSPL, there was news about how gas prices moving up would benefit both the companies? On the charts particularly.

Positive, if you ask me to choose between the two, I would choose GSPL but GAIL also is positive but normally the way GAIL moves up over the nears, I have really not understood how this stock works because it gives a breakout very clear target, it gives you and then it comes back. So that is the problem GAIL has, possibly because of its liquidity or holding pattern whatever but I do see an up move to the tune of 435 and in case that is broken for 445, possible 5-7% up move is what I am seeing in the immediate future and long term if it stays above 445, then we can talk of around 475-480 but that will be really three to six months, so I do not want to talk of that as of now.