Balaji Telefilms good for long trade: Balaji Telefilms

Devang Visaria, Chief Strategist, devangvisaria.com offers his take on Balaji Telefilms, in a chat with ET Now.

Your views on Balaji Telefilms?

This stock is on the verge of a breakout above the 60 levels and for the last 5 or 7 trading sessions, you are seeing a lot of increase in the volumes and this increase in volumes should take it to its next logical target of 67 levels. With a stop loss of 54.5, you have a good long trade on this midcap stock.