Kunal Bothra optimistic on Voltas, target Rs 240-250

Kunal Bothra, Head of Advisory at LKP is optimistic on Voltas and has a target of Rs 240-250.

Kunal Bothra, Head of Advisory at LKP told CNBC-TV18, " Voltas has just about broken its resistance zone. It is been under 2-2.5 months of consolidation right from the month of June. It has broken that badger today. Many of these shorts would get covered or long positions would have started building up in Voltas today. So one may see more upside on Voltas at least from the positional perspective."

"I am giving a target of Rs 240-250 and this could be achieved in the next three to four trading weeks. I am optimistic on Voltas with a stoploss of Rs 205 on it," he added.

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