Everest Kanto Cylinder can fall another 8-10 pc: Sandeep Wagle

ET Now spoke to Sandeep Wagle, Founder & MD, APTART Technical Advisory Services, on his stock recommendations.

ET Now: What are your views on Everest Kanto Cylinder?

Sandeep Wagle: We have a sell on EKC in the range of 110 to 113. It is already down, very clear breakdown of the prices at 115 and if you look at the weekly pattern very strong support of 109 seems to have been broken today.

And I think the fall can continue to the tune of 98 to 97 so another possibly 8% to 10% downside is what we are looking at and that should happen in the next 5 to 7 or may be 4 to 5 trading sessions.