Voltas has target of Rs 130: Sukhani

Voltas has target of Rs 130, says Sudarshan Sukhani of s2analytics.com.

Sukhani told CNBC-TV18, "Voltas held on to its Rs 100 supports and since then it’s doing well in spite of its results. It moved up 15%. It is at Rs 115 and now willing to breakout. Today may not be the day when one want to buy Voltas or anything else but eventually these stocks will work out for themselves on the upside. The next target is Rs 130."
He further added, "After that good rally from Rs 28 to Rs 47 OnMobile is now correcting. It is very difficult to say whether that was a bear market rally or this is a correction but I would go with the assumption that what we saw was a bear market rally. If that is so then this correction can go much lower and it’s a short sell."