Delta Corp may test Rs 120: Kunal Bothra

Kunal Bothra of LKP told CNBC-TV18, "Delta Corp is trading just around all time high, 52-week high and it is trading at a good support around that 50-day moving average. It is comfortably above the 200 day moving average (DMA) which signals that the long-term trend for the stock is intact on the upside. It has already recovered from Rs 45-50 levels and now in line to breaking Rs 100 psychological mark."

"I think it could probably happen in the next couple of weeks and I believe from a positional perspective, this is very interesting stock poised for a strong technical breakout. My target on Delta Corp is Rs 120 and stoploss is at Rs 85," he said. Disclosure: He does not have personal holdings in the stock but at LKP he recommend the stock to his clients as well.