Vijaya Bank, Syndicate Bank likely to move up in next 2-3 weeks: Sandeep Wagle

Sandeep Wagle, Founder & MD, APTART Technical Advisory Services, aptartindia.com in a chat with ET Now talks about Vijaya Bank and Syndicate Bank.

What about mid-cap banking though, Vijaya Bank and a whole host of these others, Syndicate Bank, all of these counters have been showing a fair amount of traction for the past couple of trades?

They are consolidating. I will not say they are weak. If one can hold on for longer time, they can be bought but you do not have that kind of momentum, which some of the other stocks like a Larsen, like a Tata Communication, they are witnessing, so you do not expect to move up 7-10% in the next two or three days. Yes over the next 2-3 weeks, these stocks are likely to move up definitely.