Voltas moving in green. Intraday trade for 01/02/24.
Voltas on the daily close has given a break out of the resistance zone around 1050-60.
It made a base around the 20 DEMA and given a nice move with good volumes.
Bullish entry can be made in the stock for positional trade for a ultimate level fo 1230.
Intraday entry with 1140 as target can be initiated and a stict SL should be kept as tomorrow is budget.
Target :- 1140, 1230
Support :- 1082, 1055
Enty :- Starts trading above 1095 levels.
Crossing the resistance level of 6 month can give some buying momentum.
Wait for the price action near the levels before entering the stock.
It made a base around the 20 DEMA and given a nice move with good volumes.
Bullish entry can be made in the stock for positional trade for a ultimate level fo 1230.
Intraday entry with 1140 as target can be initiated and a stict SL should be kept as tomorrow is budget.
Target :- 1140, 1230
Support :- 1082, 1055
Enty :- Starts trading above 1095 levels.
Crossing the resistance level of 6 month can give some buying momentum.
Wait for the price action near the levels before entering the stock.
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