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You are here : IndiaNotes >> Research & Analysis >> Companies >> Voltas Ltd. >> Research

Technical Calls: Buy Voltas and Zee Entertainment

SMC | 02 Aug, 2016  | Follow Author | Add to my Favourites 
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Voltas:


The stock closed at Rs349.55 on 29thJuly 2016. It made a 52-week low at Rs211 on 12th February 2016 and a 52-week high at Rs349.45 on 27th July 2016. The 200 days Exponential Moving Average (EMA) of the stock on the daily chart is currently at Rs299.36.


As we can see on the charts, it made its 52 week high on 27th July and again it exceed that price on 29th July which shows its bullishness to make new highs in coming weeks. One can buy in the range of 338-343 levels for the target of 365- 370 levels with SL of 327 levels.


Zee Entertainment:

 

The stock closed at Rs497.30 on 29th July 2016. It made a 52-week low at Rs346.70 on 24th August 2015 and a 52-week high of Rs494 on 27th July 2016. The 200 days Exponential Moving Average (EMA) of the stock on the daily chart is currently at Rs418.88.


The trend of this particular scrip remained bullish since beginning despite ups and downs in the broader index. This signifies that it has potential to remain upwards even though other scrip's are falling down. Moreover, it has made its new 52 week high on 27th July of 494 levels but on 29th July it breached that level also showing its potential to remain bullish in the near term. One can buy in the range of 492-496 levels for the target of 525-530 levels with strict SL of 480 levels.



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About SMC
SMC Research, founded in 1990, is India’s leading share and stock broker, provides a wide range of financial services and investment solutions. A blend of extensive experience, diverse talent and client focus has made us the 4th largest broking house in India(Source: Dun and Bradstreet, 2008). Over the years, SMC has expanded its operations domestically as well as internationally. Existing network includes regional offices at Mumbai, Kolkata, Chennai, Cochin, Ahmedabad, Jaipur, Hyderabad, Bangalore plus a growing network of 2100+ offices spread across 425 cities/towns in India.


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Disclaimer: The author has taken due care and caution to compile and analyse the data. The opinions expressed above are only the views of the author, and not a recommendation to buy or sell. Neither the author nor IndiaNotes.com accept any liability whatsoever arising from the use of any of the above contents.



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