Friday, February 26, 2016

WEEKLY TECHNICAL ANALYSIS OF VOLTAS 29 FEB 2016

APOLLOTYRE IS ON FIREEEEEEEEE …!!!!!!!!!!!!
HIT FIRST TGT 154  MADE LOW OF 153.35 SELL AT 157
LOT SIZE: 3000
INTRADAY TOTAL PROFIT: 21900 IN JUST TWO LOT
FUTURE :
“BUY VOLTAS BELOW 225 TGT 230/240”
“SELL VOLTAS BELOW 217 TGT 214/205”
WEEKLY CHART FOR VOLTAS:

Primary trend of the stock is bullish and is consolidating at the lower level after showing correction. It is expected to continue the bull run with the crossing of the resistance level of 225, as the stock is sustaining above its 200  days moving averages. One may initiate the long position above the mentioned level for the targets of 240.if  it is likely to show correction with the breach of the support level of 217, where one may initiate the short position in it for the targets of 205.

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