Go long in Patni, says Vishal Kshatriya

Go long in Patni, says Vishal Kshatriya, Sr Derivative and Technical Analyst of Edelweiss.

Kshatriya told CNBC-TV18, "Go long on Patni. The stock has generated trendline breakout along with good volumes on its daily chart, besides this yesterday stock has breached and closed above its 20 DMA. This indicates positive momentum in the counter. Yesterday stock has witnessed long built up as indicated in the open interest data. Traders can go long in a range of Rs 294-296 with target price of Rs 310 maintain stop loss below Rs 285.