Buy HDIL; target 110: Mitesh Thacker

"...HDIL can be bought with a price target of 110, a stop at about 97.5 should be good."

By ET CONTRIBUTORS | Updated: Nov 04, 2011, 03.57 PM IST

Mitesh Thacker, Technical Analyst, miteshthacker.com in an interview with ET Now talks about HDIL.

What is the call on HDIL?

I have got buy call on HDIL. We have seen some realty stocks come back into action. IB Real Estate was a recommendation today morning. HDIL is also doing pretty well. They are crossing over their short and medium-term moving averages, so this one can be bought with a price target of 110, a stop at about 97.5 should be good.

(Disclaimer: The opinions expressed in this column are that of the writer. The facts and opinions expressed here do not reflect the views of www.economictimes.com.)

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