Go long in Shriram Transport Finance: Mithil Pradhan

Mithil Pradhan of Violet Arc Global Managers told CNBC-TV18, "Shriram Transport Finance Corporation has been very resilient to whatever is happening in the market. It has made a double bottom at around Rs 800-820 zone. The pattern was a falling wedge out of which there was a breakout yesterday. I would use this breakout to open long positions, Rs 850 around area is a great level to open long potions.""My stop loss on Shriram Transport is going to be Rs 821 and I will keep a target of about Rs 921 because that is the beginning of the falling wedge that we saw on the charts. So this could be a good stock to go long," he said.