Go long in Engineers India, says Gaurav Bissa

Gaurav Bissa of LKP Securities told CNBC-TV18, "One can buy Engineers India. The stock has seen a good amount of jump from Rs 210, still it is giving a short-term breakout. If you look at the smaller timeframe it is forming a bullish flag pattern. The stock is coming out of that pattern, a very positive sign and on longer timeframe again Rs 235-236 seems to be a very strong area and a very strong resistance zone."

"If Engineers India is trading above this level, then I feel Rs 245-250 in a short span of time can be seen in the stock, so I recommend going long with the stop loss of Rs 231 and playing for a target of Rs 244," he said.