Bullish om Aban Offshore: Sandeep Wagle, APTART Technical Advisory Services

Sandeep Wagle, Founder & MD, APTART Technical Advisory Services, in a chat with ET Now, gives his call on Aban Offshore



What is the call on ONGC and Aban Offshore?

It made great sense to buy ONGC yesterday at around Rs 270-275. I do not have a view beyond 300, so in fact most of our clients who had bought yesterday, we are advising them to book profits between Rs 295 to 300. So if somebody wants to play for Rs 10-12-15 upside, one can take a trading play but nothing more than 300.

I see a move in Aban Offshore to somewhere around Rs 595-600 and that is almost a Rs 45-50 upside, 7-8% upside. So if you ask me to choose between the two at this point of time, it would be Aban Offshore because the upside potential is a little more than ONGC.