Ashish Kyal of wavesstrategy told CNBC-TV18, "Himatsingka Seide has been in a strong uptrend and recently it formed a low around Rs 170. From there it bounced back very sharply. So, within this market also it is near around lifetime highs. So, the stock is a buy with stop loss of Rs 216 and target of Rs 246. It has been taking very good support at the 20-day moving average (DMA) and has been bouncing back from there. As long as prices sustain about that important moving average, it is definitely on the buy side."The share touched its 52-week high Rs 229.90 and 52-week low Rs 76.35 on 12 October, 2015 and 09 June, 2015, respectively.
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