Sell IDFC, Shree Steel and ONGC: Sandeep Wagle

ET Now talks to Sandeep Wagle, Founder & MD, APTART Technical Advisory Services, www.aptartindia.com

IDFC, I cannot see anything on the chart to say this going anywhere. It just a zigzag stock just keeps moving here and there but if one wants to do a day trade on it?

Well IDFC, my view is exactly what you said in fact you answered my question, so I had no different view.

Shree precoated steel, any hope in the charts?

Not really you can wait for a rise to exit but I don’t see any hope in the charts, so sell on a rally will be my advise.

ONGC on the charts?

ONGC in the short term can move up to 1050-1060 in fact last 2-3 days, but at that level I think one has to sell it out because I see 1000 levels being broken. The weekly charts are not positive and possibly 970 to 960 is where I see a bottoming out formation so in the short term I think I would like to sell it on a rally.