Vakrangee may touch Rs 180, says Kunal Bothra

Kunal Bothra of LKP Securities told CNBC-TV18, "Vakrangee has an excellent chart formation once again. Many of the midcap smallcap names are showing some very strong solid patterns. They are managing to complete their bullish pattern formations. So, that is a good added bonus and if you look at the last two and half months for Vakrangee, from this Rs 100-110 odd levels it formed two bullish flat patterns and managed to complete one and the second breakout happened just about today."

"Keeping a stop loss of Rs 140, traders can actually look at a potential target of Rs 180. But my sense is if you are holding for the next one to two years this could be an excellent chart," he said.

Disclosure: Analyst has no personal holdings in the stock and it is possible that he may have recommended the same stocks to his clients at LKP.