Sell Voltas, target Rs 515: Jayant Manglik

It is trading below the resistance zone of multiple moving averages on the daily chart and likely to see a breakdown from the same in near future.

Moneycontrol Contributor

January 28, 2019 / 11:19 IST

26 Aug, 2025 12:21

Volume

Todays L/H

Jayant ManglikReligare Broking

Voltas has been witnessing correction for last eight months while trading within the declining broadening formation.

Currently, it is trading below the resistance zone of multiple moving averages on the daily chart and likely to see a breakdown from the same in near future. We advise using any bounce to create fresh
shorts in the mentioned levels.

Disclaimer: The author is President, Religare Broking. The views and investment tips expressed by investment expert on Moneycontrol.com are his own and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

Moneycontrol Contributor

first published: Jan 28, 2019 11:19 am

Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

Subscribe to Tech Newsletters

Al Edge Newsletter On Saturdays

Find the best of Al News in one place, specially curated for you every weekend.
MC Tech 3 Newsletter Daily-Weekdays

Stay on top of the latest tech trends and biggest startup news.

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347