Buy Aban if it closes above 725; Not bullish on Bharati Shipyard: Sandeep Wagle

Sandeep Wagle, Founder & MD, APTART Technical Advisory Services, www.aptartindia.com spoke to ET Now on Aban Offshore and Bharati Shipyard.

Chart pattern on Aban Offshore and Bharati Shipyard?

No strength in Aban. I will only think of buying it if it closes above 725. Till what level will it go down, that is anybody's guess. Very difficult call to answer.

The next level in Aban is somewhere around 630 where there is a strong support. I hope that will not be broken. 630-640, upside 680-690, I do not see Aban moving anywhere beyond that range at least in the short term.

Bharati Shipyard, pretty sideways, 240 to 260 is the band I see Bharati moving in. If it breaks 240, then some weakness can follow but as of now, I do not have a clear view that it will break that but I am not bullish either.