Avoid Kingfisher: Sandeep Wagle

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

On the charts, a Kingfisher or a Spicejet?

Well of the pack, I would talk of Jet as the best bet.

On the downside?

Not on the downside, the pattern is still positive. It is making a higher top, higher bottom and were the market to form a bottom in the day or two, possibly there will be some upside to Jet but Kingfisher, I do not see that kind of strength and since there are diverse views, diverse opinions on the charts, it is best avoided, not long-term strength.