Buy M&M, target Rs 740- 760: Sandeep Wagle

In a chat with ET Now, Sandeep Wagle, founder & MD, APTART Technical Advisory Services, talks about the outlook of M&M and ABB.

What are your views on M&M and ABB?

We have a buy call on M&M today but that is for a trading move. If you talk of a longer term, we have a target somewhere between Rs 740 and Rs 750 over the next 3 to 6 months.

ABB is pretty sideways. Rs 900 is a very strong resistance we are looking at if you talk of a few weeks and I do not see it breaking Rs 800. If you talk of short term, possibly Rs 800 to Rs 860 is the range in which the stock is likely to move. Any movement has to be only once it is above that or below that.