Buy IDBI at current levels: Sandeep Wagle, APTART

ET Now spoke to Sandeep Wagle, Founder & MD, APTART Technical Advisory Services, on his views on IDBI bank.

IDBI has not participated with the banks as much. Could it be as we saw in Syndicate and Vijaya that these are the laggards Bank of Maharashtra, IDBI and they will catch up in the next few days?

IDBI has given a breakout on Tuesday at a level of Rs 126 and any correction to the tune or Rs 4-5 from current levels, not below, around 126 or so. I am not certain whether that will come. So I am comfortable buying it now. I see a very clear price target of somewhere around Rs 138.