Go long in Gabriel India, says Amit Harchekar

Amit Harchekar, Chief Technical Strategist at A PLUS Analytics told CNBC-TV18, "Gabriel India has been consolidating in a rounding bottom formation and right now the stock given a breakout above Rs 94. This formation now turns out to be a good cup and handle formation which is highly bullish. We are expecting this stock to move higher.""We have a target around Rs 105 to Rs 108 in the near term. The good thing about this formation is that despite volatility in the market, the stock has been able to hold above the crucial support of Rs 90. So keeping that as a stop loss, one can go long for a target of Rs 105," he added.