kalyanganguly

Voltas - Nearing Bullish Breakout

Long
NSE:VOLTAS   VOLTAS LTD
Note: This is for educational purpose only.

Build up near resistance shows lack of selling pressure. Expecting a good bullish breakout once resistance is broken with good volume . RSI above 60 adds to the bullish momentum conviction.

Comments

Can the stock be bot on Monday for intraday? If so what rate one should enter ? Please specify target and stop loss..
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kalyanganguly shreeshajn_1986
@shreeshajn_1986, I would not recommend this for an intraday please. You might want to take a positional trade in this in delivery only. I don't usually trade in F&O as there is a time decay. But this might give you good return in around couple of weeks.
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