Go long in Voltas, advises Ashish Chaturmohta

According to Ashish Chaturmohta of Fortune Equity Broker, one may go long in Voltas as the stock may test Rs 140-145.

Ashish Chaturmohta of Fortune Equity Broker told CNBC-TV18, " We like  Larsen and Toubro (L&T), Siemens , Voltas  and Crompton Greaves  because we have seen a good amount of long build up in most of these stocks and in last two months we have seen a consistent rise in open interest (OI) in most of these stocks."

"At this point of time, we are recommending a long position in Voltas because this stock after a very long consolidation has given a breakout above Rs 130. So we are expecting a target of Rs 140-145 levels in the stock in next one-two weeks with a stop loss below Rs 127," he said.

Disclosure: Analyst does not have any personal holding in the stock.

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