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LKP Spade, Weekly Pick - Buy Voltas Ltd For Target Rs. 1370 - LKP Securities
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VOLTAS LTD
* The price has moved above previous swing high on the daily chart which suggests rising bullishness.
* Prior to the recent rally the price took support at 200DMA, considered as long term inflection point indicating significance of reversal.
* Moreover, a positive divergence in RSI can be observed on the daily chart which again signifies a positive reversal in the price.
Buy Voltas Ltd @ 1255-1265 TGT 1370 Stop Loss Below Rs. 1212 CB Duration 1 Week
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