Expect Voltas to head lower, target Rs 280: Rajat Bose

Rajat Bose of rajatkbose.com told CNBC-TV18, "Technically I like Voltas. I hold the stock in my portfolio. I like it from a medium term point of view and from positional trade point of view but looking at the moving averages if you look at Voltas then it appears that there is a possible downside up to Rs 280."

"Around Rs 280 there could be a lot of buying support and on the upside Rs 289 to about Rs 294 would be an area where supplies might come," he said.

Disclosure: Analyst holds Voltas in his portfolio. Other than that he does not do not have any positions.