Go long on M&M: Vishal Kshatriya

Go long on M&M, says Vishal Kshatriya, Sr Derivative and Technical Analyst of Edelweiss.

Kshatriya told CNBC-TV18, "Go long on M&M. Stock has been consolidating in a narrow range of Rs 780-820 since last one month. Momentum oscillators on daily charts have given a buy signal. I am expecting stock to trade with a positive bias in days to come. Traders can go long in a range of Rs 845-855 with a target price of Rs 900 and maintaining stoploss below Rs 810.