Pantaloon Retail a good bet for long term: Harchekar

Pantaloon Retail is a good bet for long term, says Amit Harchekar, IIFL

Harchekar told CNBC-TV18, "On the long side Pantaloon Retail at current levels has given a good breakout from a rounding bottom formation and that projects the target close to Rs 150, so Pantaloon Retail would be a good bet for a long side rather than initiating any short positions on any midcap. Bombay Dyeing is actually forming a sort of a triangle pattern, so around Rs 370-375 turns out to be a level where there would be shorts, but there is a pullback expected in the market, so I wouldn