MUMBAI: India Infoline has advised traders to buy Orbit Corporation for target of Rs 286.

“Orbit Corporation had been facing stiff resistance around the levels of Rs 276-280 from last few trading sessions. On Thursday, the stock attempted to cross the crucial resistance levels and closed above it. The upmove was accompanied with impressive volumes. Moreover, on the weekly chart, the price movement has formed a higher bottom formation. We expect the stock to rally in the medium term if the above mentioned resistance levels are broken. Traders can buy the stock in the range of Rs 258-265 for a target of Rs 286. It is advisable to maintain a stoploss of Rs 253,” the report said.