Buy DHFL, says Sameet Chavan

Sameet Chavan, Technical Analyst at Angel Broking told CNBC-TV18, "We are recommending Dewan Housing Finance Corporation (DHFL) with a positional perspective for next four to five days at least. We have a target of Rs 235. Though overall with a broader view the stock is moving in a sideways trend but looking at the smaller degree chart, the stock looks quite positive.""On the hourly chart it has given the first sign of strength. It has confirmed a higher top higher bottom formation and looking at the positive placement of daily momentum oscillators, we expect immediate breakout beyond Rs 222. It can be bought by keeping a stoploss of Rs 209," he added.