BUY : VOLTAS

VOLTAS

Last close 551.95

Technically this stock is giving an indication of a reversal of the current downtrend. These higher closes over the last couple of days force the bears to cover their short positions. This pattern has formed after a consolidation indicating huge spurt, Clear cut sign of a move higher. We recommend buying at the opening bell keeping stop loss of Rs.536. We see this stock zooming to Rs.563, cross over will take this to Rs.570 mark..!!!