Voltas can touch target of Rs 340-400: Ventura

MUMBAI: Bharat Gala, senior technical analyst, Ventura Securities is of the view that Voltas can see a break-out above Rs 192-193. He advises to buy the stock for target of Rs 340-400.

“Since Agust 2009, Voltas has been trading in range of Rs 130-190. A break out is due above Rs 192-193 for an upmove of Rs 140 to 160.

With stoploss of Rs 140, the stock should be bought for price target of Rs 340-400. Volume pattern support the rise and consolidation range moves,” he said.