WEEKLY TECHNICAL ANALYSIS OF VOLTAS FOR 23 MAY

LAST WEEKLY RECOMMENDATION:

IN BULLISH MOMENTUM: AXISBANK HIT TGT  505 MADE HIGH OF 505.85

LOT SIZE: 1000

WEEKLY TOTAL PROFIT: 20000 IN JUST TWO LOT

LAST DAILY RECOMMENDATION:

IN BEARISH MOMENTUM: JUSTDIAL HIT TGT 680 MADE LOW OF 672 SELL AT  690

IN BULLISH MOMENTUM: JUSTDIAL HIT TGT 730 MADE HIGH OF 728.80 BUY AT 720

LOT SIZE: 500

DAILY TOTAL PROFIT: 26800 IN JUST TWO LOT

LAST RECOMMENDATION:GIVEN ON 17 MAY 2016

IN BEARISH MOMENTUM: MOTHERSUMI HIT TGT 270 MADE LOW OF 266.65 SELL AT  280

LOT SIZE: 1500

TOTAL PROFIT: 40050 IN JUST TWO LOT

FOR MORE ROCKING CALLS OF FUTURE PLEASE FILL UP THE FORM GIVEN HERE >>>>>>>>>>>>>>>

DAILY CHART FOR AXISBANK & JUSTDIAL & MOTHERSUMI:

FUTURE :

“BUY VOLTAS ABOVE 325 TGT 335/350”

 “SELL VOLTAS BELOW 316 TGT 305/295”

Voltas   ' fourth quarter earnings surpassed, expectations on all parameters with profit profit rising 49.5 percent year-on-year to Rs 176.4 crore. Bottomline was also boosted by one-time gain of Rs 28 crore. "Total income from operations grew by 26.8 percent to Rs 1,888.7 crore in Q4 compared to Rs 1,490 crore in same period last fiscal due to improvement in order execution by projects businesses, both domestic and international," the engineering, air conditioning and refrigeration company in its filing. Operating profit (earnings before interest, tax, depreciation and amortisation) in Q4 increased 29.5 percent to Rs 185 crore and margin expanded by 20 basis points to 9.8 percent compared to year-ago period. After showing correction from the higher level, now stock is trading in short term recovery phase, it is likely to continue the upside move in near term with the crossing of the resistance level of 325 as the stock is managing to sustain above the level of 335. One may get the targets of 350. " U may still a buy Voltas with a stop loss say around Rs 338 for target of Rs 356."