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VOLTAS LTD
Long
Aug 19, 2024
Voltas Bullish Trade Setup
5
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Bullish Outlook: Voltas is showing a positive trend and appears bullish.
Breakout Confirmation: The stock has broken out of its 2021 range and has consolidated
between ₹1300 and ₹1400.
Entry Signal: Consider buying if the stock trades above ₹1600 with decent volume.
Stop Loss: Set stop loss between ₹1530 and ₹1500 to manage risk.
Target: Swing to positional targets of ₹2000 based on price action.
Recent Performance: Strong EPS results in the recent quarter support the bullish outlook.
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