Expect FDC to hit Rs 225-230: Kunal Bothra

Kunal Bothra of LKP Securities told CNBC-TV18, "FDC has purely a very good chart pattern. The history for the last couple of months have been pretty good for the stock. It has been making higher highs and higher lows kind of pattern. Even for the last couple of weeks, the stock was more or less consolidating around the range of Rs 195-190 odd. I was waiting for a breakout to happen and today was the day of the breakout and stock has risen with very good volumes as well.""If you look at the overall chart patterns and even from a short-term perspective, it is forming a bullish flat pattern. The breakout was around Rs 195, it is almost a Rs 35 breakout. So, I am expecting targets of at least Rs 225-230 on FDC given a timeframe of at least one to three weeks. I would keep a stop loss of Rs 190 on it," he said.