Patel Engineering showing traction on the upside: Ashwani Gujral

In a chat with ET Now, Ashwani Gujral, Fund Manager, Ashwanigujral.com (Technical Check), gives his views on Patel Engineering.

ET Now: Patel Engineering on the charts?

Ashwani Gujral: Patel has been showing some traction on the upside along with the other infra type of stocks. It needs to cross levels of about 125 to about 127. Once it does that, it will probably get into a new orbit where it could get closer to levels of 150. So, it is a slow move on the upside but beyond 127, it is likely that we will catch some momentum.