Voltas BUY between Rs151-152, Target Rs 162

Voltas (BUY, between Rs151-152, Target Rs
162): Voltas has retreated back near its horizontal
support of Rs153 with volume activity surging five
times is 10 day average. The support of Rs152 acts
as decent cushion for the stock and any move
below Rs152 could, lead to further unwinding in
the stock till Rs147. Four weeks ago stock had
formed an ‘hammer’ pattern on weekly chart which
is a signal of major trend reversal and as long
stock honors the low of Rs147 on weekly closing
basis, probability remains high for good bounce
back. We advise buying stock in the range of
Rs151-152 with stop loss of Rs 147 for Target
of Rs162.(duration 5 days).

Info Edge (Naukri) (BUY, above Rs742,
Target Rs770): On the daily chart, the stock has
given an upside breakout, considered to be an
important bullish signal. The stock is poised for
further gains in the next few trading sessions. The
undertone is reasonably strong and is likely to
push price higher. After consolidating in the range
of Rs740-680 for last six weeks, the stock closed
around the peak of its trading range of Rs740
yesterday. The upside breakout is well
accompanied with impressive volumes. The stock
recorded two-fold delivery volumes, exceeding its
5-day average. Based on above mentioned
technical evidences, we recommend traders to
buy the stock above Rs742 with stop loss of
Rs730 for target of Rs770.