VOLTAS - A Risky Bet

Dec 17, 2023

This stock has been underperforming with below expectation results. But with the technical indicators turning positive, one can take a risky bet on this stock. On the technical indicator, MACD line is crossing over the Signal line on weekly charges. Further, 20 DEMA is crossing 200 DEMA on daily charts indicating bullish trend in the short run. Further, there is rounding bottom formation on the daily charts. One can enter at 850 - 860 with a Strict Stop loss at 811. Look for short term target of 880 - 900.

Dec 19, 2023

Trade closed: target reached

Both the Target achieved. Book Profit or Trail the Stop Loss. If sustained above 900 on closing basis for 2 trading days could run the rally to 950