Stock Idea - Voltas Ltd For Target Rs. 1400 by Monarch Networth Capital Limited
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Prices were in consolidation since Feb 2021 marked with A-B-C. It was descent time and pricewise consolidation which took almost 7 months to complete. Price sustainability above immediate resistance of 1132 level on closing basis will trigger further momentum towards 1265 – 1400 levels in next 3-4 months.
Recommendation is to Buy above immediate resistance of 1132 level keeping Stop loss at 950 level and Target at 1265 - 1400 levels.
Weekly Chart:
Buy Voltas Ltd CMP: 1125 TARGET: 1400 SL: 950 TIMEFRAME: 3-4 MONTHS
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