Buy DHFL, target Rs 252: Sameet Chavan

Sameet Chavan of Angel Broking told CNBC-TV18, "Chart structure in Dewan Housing Finance Corporation (DHFL) certainly looks quite encouraging. Last week, the stock gave a decisive breakout from its multiple resistance zone of Rs 230. Daily as well as weekly chart structure looks encouraging. The stock is consolidating around its support zone of Rs 235-237. We believe that it has become a very good buying opportunity for a target of Rs 252 and stop loss now can be kept around Rs 228."At 14:49 hrs Dewan Housing Finance Corporation was quoting at Rs 236.30, up Rs 1.15, or 0.49 percent. It has touched an intraday high of Rs 238.50 and an intraday low of Rs 232.60.