August 05, 2015
Voltas (NSE Cash)
322 - 320
14 - 21 sessions
Source: Falcon (Chart Time: EOD as on August 04, 2015)
We have seen a stupendous rally in this stock from the September 2013 low of
61.51. Last month, this stock
posted a new all time high of
357.36 and since then has been undergoing a medium term consolidation
phase. Recently, the stock has given a decent bounce after taking a strong support around its daily ’89-EMA’
305; which we expect to act as a sheet anchor in the near term. This support zone coincides with the
50% Fibonacci retracement level of the recent up move from
357.36. Considering the positive
placement of the momentum oscillators along with the continuation of a higher degree up trend, we expect
this stock to give a decent up move in the near term.
Hence, we advise traders to buy this stock from
current level to a decline up to
320 for a target of
348 in coming 14 to 21 trading sessions. The stop
loss for this trade set up can be kept at
August 05, 2015
Last 9 recommendations
Recom. Buying/Selling Range
Target 2 Stop-loss
107 - 106
1009 - 1003
570 - 566
287 - 289
171.50 - 170
702 - 698
250 - 248
Revise SL to 250
136 - 134
Revised SL at 138
576 - 573
Source: Angel Research
Research Team Tel: 022 - 30940000(Extn: 6552) Website:
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