Buy HDIL above Rs 263 with stoploss below Rs 248: Finquest

MUMBAI: Finquest Securities has advised traders to buy HDIL above Rs 263 with stoploss below Rs 248.

���A bullish piercing and engulfing pattern formed in HDIL indicates re emergence of buyers. A breach of falling trend line at Rs 363 would lead to prices moving up towards Rs 283/294. On intraday charts, RSI has turned from oversold levels confirming our bullish view. Buy HDIL above Rs 263 for target of Rs 283/294 with stoploss below Rs 248,��� said Finquest Securities.