Buy HSIL, says Pritesh Mehta

Pritesh Mehta of IIFL told CNBC-TV18, "HSIL is an excellent chart, the stock has signaled a breakout from a triangle pattern above the levels of Rs 87. The volumes have been pretty impressive in today's trade. The level of Rs 87 was active as a strong resistance since January 2013. Now this upmove has definitely brought an end to a long period of consolidation."

"We are going to see a new uptrend taking place in this counter. Also on the weekly chart the stock has given a breakout from falling wedge pattern. For a short-term trading purpose as well as a positional bet this stock has to be bought at current levels," he said.