'Venkys India has momentum to touch Rs 518'

In a chat with ET Now, Sandeep Wagle, Founder & MD, APTART Technical Advisory Services, talks about the outlook of Voltamp Transformers, Venkys India, Action Construction Equipment.

Have you looked at the charts for Voltamp Transformers, Venkys India, Action Construction Equipment?

I am comfortable with Venkys pattern wise. If it closes above Rs 500, it is currently at Rs 502. It will have the momentum to go to around Rs 518-520. The other ones have given a blip but there is no clear pattern.

What about Syndicate Bank, IDBI Bank?

I have given a buy on IDBI. I have given a buy as a BTST in Syndicate Bank. I am very bullish on both of these banks and they will perform in the coming few trading sessions and they will outperform even the larger banks though State Bank looks good and the momentum in State Bank is also likely to continue.