Rajat Bose of rajatkbose.com told CNBC-TV18, "If you look at Delta Corp's technical chart since its listing, it is in an uptrend and on the quarterly chart adjusted on the logarithmic scale, that is also showing that it is on an uptrend and that uptrend will remain till such time it breaks Rs 95 which is very unlikely at least as of now."
"So, I will suggest to hold on. I have projected say for the next one year or so where I expect that it will actually rescale to say the earlier high of Rs 218. So, I would suggest a hold on to this," he added.
"At the outset I would like to put a disclosure that I personally hold ICICI Bank in my portfolio. Having said that, I would say that for the long-term, I would expect to hold say maybe five years. In that case one should continue to hold on and if for any reason if it were to come down, say between Rs 260 and Rs 235, that price range may be used to buy more if such an opportunity were to come. This is basically the plan that I am holding that if it were to come to that zone, I would buy more, add to my portfolio where I hold some shares of ICICI Bank and there is no reason that one should actually get out immediately."
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