Buy Shriram Transport for long term: Aditya Agarwal

Aditya Agarwal of Way2Wealth.com told CNBC-TV18, "We have seen a good correction in Shriram Transport Finance Corporation but in the last four trading sessions, the stock is finding a very good support in the range of Rs 555-550 levels and from lower levels continuously we are seeing some short unwinding in this counter. So we are expecting this is a good candidate for making long positions."

"On higher side we are expecting target of Rs 580 to Rs 585 in next two-three trading sessions, so at current levels one may go long keeping a stoploss of Rs 555," he said.

Disclosure: He has advised the stocks to his clients, so they maybe having some position but personally he does not hold any positions.