Pritesh Mehta of IIFL told CNBC-TV18, "HSIL broke out from a triangle pattern in the month of November. Thereafter, it rallied to the levels of Rs 105 and for last two weeks the stock has been consolidating in a narrow range."
"Any kind of consolidation to the top of its rally has to be bought into. HSIL is on the verge of breaking out from the levels of Rs 107-108 and we can have a positional view in this counter and have a target of Rs 122," he said. Disclosure: He might have recommended the stock to his clients but no personal holdings.Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
