Chandan Taparia, Derivative & Technical Analyst at Anand Rathi Securities told CNBC-TV18, "Voltas is holding well from last couple of trading sessions. This stock has been moving on a higher side even after the weakness in the Index by more than 400 points. It is been respecting to its 50-day moving average and now support shifted from Rs 278-282 and now on Rs 290 levels. Overall trend is positive, it is finding some pressure near to Rs 298 and Rs 300 zone and above that a fresh leg of rally cannot be ruled out as per its price and the data we have.""We are recommending to buy with a stop loss of Rs 290 for the immediate target of Rs 305 and Rs 310," he said.
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