Bullish on Mphasis BFL in the IT mid-cap space: Mithil Pradhan

ET Now spoke to Mithil Pradhan, Market Analyst, on his views on stocks.

ET Now: Your pick from the midcap space?

Mithil Pradhan: I like Mphasis BFL in the IT mid-cap. If you look at this stock on a monthly chart, the monthly chart spanning about 10 years, this stock has broken out of a cup and handle pattern, which is very bullish.

I do not want to be really ambitious here but the target as per this particular pattern is about 4000, so I would be long on this stock at any point of time.