Sameet Chavan
Of late, we did witness muted moves in Voltas. However, in the last four days, the stock seems to have attracted some buying interest.
On Friday, we saw prices traversing the ‘200-SMA’ placed around 569 with some authority. This also confirms a breakout from the trend line resistance.
Looking at the weekly chart, we expect this ‘Tata Group’ company to outperform in the near-term. We advise going long for an immediate target of Rs 630 and for this strategy, with the exit placed below Rs 561.
Disclaimer: The views and investment tips expressed by investment experts on moneycontrol.com are their own and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.
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