Some momenutum in Ambuja Cement: Sandeep Wagle

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

What is your call on Shree Cement and ACC?

I would need some more evidence to go long in Shree Cement, something like a price breakout, staying above Rs 1,850. As of now, it is making lower tops, lower bottoms. In the short term, I see some momentum in Ambuja Cement but not more than 7-8% upside. I do not see a very long term rally. I am playing for a 10% upside move, that is it.