Buy Bank of India, says Hemen Kapadia

Buy Bank of India, says Hemen Kapadia, CEO of chartpundit.com.

Kapadia told CNBC-TV18, "One can buy Bank of India. It has shown strength on the hourly charts, mandatory higher top higher bottom scenario, breakout support and moving averages. It has closed above the Rs 55 day exponential moving average simply put a great short term buy. One can buy at Rs 342 with a stoploss of Rs 339 and target of Rs 348. This is a shorter term call valid from an intraday point of view.