In CNBC-TV18's popular show Bull's Eye, Vishal Malkan of malkansview.com shares trading strategy of the day.
Voltas has been consolidating in the range of Rs 310-320 in the last few trading sessions forming bullish divergence on daily charts. Hence I recommend a buy with a stop loss of Rs 310 for targets of Rs 335.
Yesterday, Reliance Communications gave a good move with a good candlestick pattern on daily charts. Intraday momentum has entered into bullish zone and hence I recommend a buy with a stop loss of Rs 65 for targets of Rs 72.
Crompton Greaves has managed to close above the resistance of Rs 175 on a closing basis forming a bullish candlestick pattern on daily charts. Hence I recommend a buy with a stop loss of Rs 175 for targets of Rs 183.
Havells India formed a bullish pattern on the daily chart inspite of market going down. It showed some resilience and hence I recommend a buy with a stop loss of Rs 293 for targets of Rs 315.
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