Go long on HDIL, says Vishal Kshatriya

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

Kshatriya told CNBC-TV18, "Go long on HDIL. Stock has strong support at Rs 90. It has formed bullish candlestick pattern on its daily chart. Momentum oscillators on daily chart 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 92.50-94 with target price of Rs 100, maintaining stoploss below Rs 90.