Buy RS Software for long term: Prakash Gaba

Prakash Gaba of prakashgaba.com told CNBC-TV18, "There is a basing formation on RS Software. The first indication of buy has come in because it made a higher bottom. Now it requires a confirmation. The confirmation will come once it cross Rs 127. If you are looking at a long-term perspective, it is worthwhile buying it. It can climb to levels closer to Rs 150 plus zones, but take a lot of time.""I would say that two ways to buy it. One, wait for confirmation, the first confirmation has come in, wait for a real confirmation or buy it and just hold it. Have a stoploss somewhere below the levels of Rs 66 or Rs 70. It may be a long haul, but one can buy it," he added.