Buy Voltas on dips: Rajat Bose

Rajat Bose, rajatkbose.com, in a chat with ET Now, gives his stock views


What are your views on Voltas?

Voltas looks pretty strong but it has already come into a zone where you can expect a lot of supply might come in. Rs 113 to about Rs 117 is the range where this supply might come in. Rs 117 is the 200 day exponential moving average and in today’s move Voltas is actually encompassed say the last five-six days of downswings. So now there has to be some kind of a consolidation and coming close to the 200 day exponential moving average you can expect some profit booking to happen. So no fresh buying here but definitely it is buy on dips. Voltas can go a long way on the upside to about say Rs 145 to about Rs 155 over the next three to six months that looks pretty bullish.