HPCL may move to Rs 890: Bhavin Desai

Bhavin Desai of Motilal Oswal Securities told CNBC-TV18, "There was a piercing line pattern, which is a positive thing to happen into a stock in Hindustan Petroleum Corporation (HPCL), post that we have not done too much in terms of a movement. It has not been hammered though but it has not given any sort of a price action."He further added, "It looks like this consolidation is about to mature and we might see a price action. We are looking at targets close to Rs 890 in next couple of weeks, looks like Rs 820 level might just hang on and we can keep a stoploss of Rs 822 and look for a target close to Rs 890."