Friday, 6 October 2017

WEEKLY STOCK FUTURE TRADING TIP


BUY VOLTAS ABOVE 532 TGT 540/550 SL 520


Primary trend of the VOLTAS  is bullish and  After showing correction from the higher level, now stock is trading in short-term recovery phase, it is forming continuation pattern in short-term charts, it is likely to continue the positive movement with the breakout of the pattern at the levels of 532; as the stock is managing to trade above its 22 &55, 200 days moving averages with the RSI of 50, one may expect the targets of 540/550 in the stock if it manages to sustain above the immediate strong support level of 520. VOLTAS saw strong resistance at 545. If IOC will give Breakout above 545 then one may expect the targets of 555/560.

DAILY CHART FOR VOLTAS

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