Buy TTK Prestige with a target of Rs 3800: Bothra

Kunal Bothra of LKP is of the view that one can go long on TTK Prestige with a target of Rs 3800.

Bothra  told CNBC-TV18, "I think TTK Prestige is an excellent chart. This is one stock which - my sense is that if it completes the bullish flat formation which it is showing a daily charts about Rs 3,400, I think if that gets broken with on the back of good volumes, I think the stock can move very fast and very swiftly to Rs 3,800. Also if you look at the short-term averages, the 20 (day) moving average, you look at the pattern of this stock on daily charts probably two months back where it was hovering around Rs 3,400-3,600 band, it is forming a similar sort of pattern. Currently also it is forming a similar sort of pattern. So my sense is if Rs 3,400 gets broken, this is one stock, which probably from a 2-3 weeks perspective, one should definitely go long. My target is Rs 3,800 and the stop loss is Rs 3,200 on TTK.