Buy Wockhardt for target of 140-145: Sandeep Wagle

Sandeep Wagle, Founder & MD, APTART Technical Advisory Services, www.aptartindia.com spoke to ET Now on Healthcare stocks.

Wockhardt, Apollo Hospitals, Fortis Healthcare in terms of moves on the chart would you possibly look at picking them up right now or do you think you will wait a while till some of the correction comes in and then you will pick them up at lower level?

Well Fortis is a very difficult to comment because we don't have data ..but Wockhardt the longer term charts are not very bullish having said that at this point I would buy it for a bounce back to the tune of 140 to 145.

Let it close beyond 148 then the trend changes and that is where we can talk of the next target of 160-165 so at this point of time only for a bounce back I am not finding that great strength in Wockhardt.