Tata Chemicals may test Rs 440, says Kunal Bothra

Kunal Bothra of LKP Securities is of the view that Tata Chemicals may test Rs 440.

Kunal Bothra of LKP Securities told CNBC-TV18, " Tata Chemicals is a very good stock which has just about broken out couple of days back, today also it is given a confirmation the fact that it is trading above Rs 400. I believe with the volumes picking up, the indicators which we look at has given a very strong buy."

"I believe the previous momentum, high which was close to Rs 440-445 on Tata Chemicals, that could be achieved in a very short span of time. With the markets stabilising above 7800, this could be one of the few stocks in the front line space which could give a very strong
uptrend. From the short-term perspective and positional perspective I have given a target of Rs 440 on Tata Chemicals with a stoploss at Rs 385," he added.

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