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Buy Voltas, Karnataka Bank: Manas Jaiswal

Manas Jaiswal, Technical Analyst at manasjaiswal.com recommends buying Voltas and Karnataka Bank.

October 22, 2014 / 15:11 IST
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Manas Jaiswal, Technical Analyst at manasjaiswal.com told CNBC-TV18, "Karnataka Bank has made a strong base near to Rs 110 in last three weeks. Today it has broken the neckline of inverse head and shoulder pattern with decent volumes. So we may see further recovery and it can see Rs 125 in the next two to three trading sessions. So, one can buy it with a stoploss of Rs 115."

"Voltas from last month was taking support near to Rs 220 and yesterday it broke the 50 day moving average. Today it has given a break out of a triangular pattern on bearish volumes. So the stock has potential to touch Rs 255 in the next one or two trading sessions. So one can buy it with a stoploss of Rs 236," he said.

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first published: Oct 22, 2014 02:44 pm

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