Aegis has the momentum for a bigger move: Deepak Mohoni

Deepak Mohoni, Director, trendwatchindia.com, in a chat with ET Now talks about Aegis Logistics and the Sical Logistics.

On the charts Aegis Logistics and the Sical Logistics. Of the two which one has a better chance to move up?

Aegis obviously a lot of momentum with the kind of move that has happened today. I mean its 18% up. So that gives it a complete edge over Sical Logistics. Both of these actually are in reasonably good bull market uptrend. So long term is stable in these stocks. Aegis has the momentum and probably the potential for a bigger move if the market permits. So I would go with an Aegis but after it corrects post this kind of a move, even if it gives back half the gains that’s a 10% drop. So I would wait for it to correct consolidate and get in which is usually the entry point.