Voltas have bottomed out and have moved back to the rising trendline. One can buy with Stop Loss of 110 with target of 134.
Considering CMP of 113 it is poised at a very favorable risk to return ration. ie 4 : 20 (or 1:5).
Down trend intact in Tata Steel
Unless it comes above 430 there is still no confirmation on break of the down trend.
If it breaks above the trendline there can be hope of reversal here.
Hotel Leela bottoming out
Hotel Leela is now bottoming out. There is double bottom formation seen in this stock. New trading range of 27 to 40 can be considered.
Trend reversal can be confirmed only after close above 40.
Trend reversal can be confirmed only after close above 40.
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