Atul may test Rs 1500, says Kunal Bothra

Kunal Bothra of LKP Securities told CNBC-TV18, "Atul has not given a breakout as such from the longer-term chart patterns. In entire 2014, the stock jumped from Rs 200 to Rs 1,500. In 2015, it is more or less consolidating. It had periods of correction as well and now it is inching back to break its previous high. I believe the larger pattern or the larger move would actually start for Atul above Rs 1,500." "From a trading perspective, this is a good stock. It has come back above the 200-day moving average and the volumes are picking up. So, if anyone is looking for a trading type per se, look at a target of Rs 1,500 with a stop loss as close to Rs 1,300," he said.