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Published on 5/08/2020 9:59:22 AM | Source: Motilal Oswal Financial Services Ltd

Buy Voltas Ltd For Target Rs.640 - Motilal Oswal

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Technical Trading Idea

* Voltas gave a Channel Breakout on daily chart and sustaining well above the same. It retested the breakout level, which coincides with 200 DEMA, and again started showing strength from last few days. RSI is placed positively on daily scale and thus showing strength in the counter.

* Considering current chart structure, we are advising traders to buy the stock for an up move towards 640 with stop-loss of 590.

 

Buy Voltas Ltd @ 2-3 Days SL 590 TGT 640 CMP 607

 

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