Suzlon, Dish TV, Voltas: Trading strategies for volume buzzers of the day

These five stocks are buzzing in trade today on the back of a spurt in volumes. Here are the key levels you need to watch out for.

Suzlon Energy Limited (SUZLON)
Likely target: Rs 7.45
Upside potential:  14%

After crossing Rs 9 levels, Suzlon Energy shares have witnessed profit booking. The stock has found some support around 100-days moving average (DMA) placed at Rs 6.35 levels. The stock has support at Rs 5.70 (200-DMA) and faces resistance at Rs 7.45, which is its 50-DMA. If the stock manages to hold the support of 100-DMA, a rally upto Rs 50-DMA levels cannot be ruled out. CLICK HERE FOR THE CHART
 

Trident Limited (TRIDENT)
Likely target: Rs 25 and Rs 27
Upside potential:  16% to 25%

The counter has seen a decent upside with “Higher High, Higher Low” formation, as per the weekly chart. This positive rally is the result of a “Golden cross” that continues to build strength. The counter has been resilient and has not seen much fall despite being in the overbought territory of the Relative Strength Index (RSI). The next leg of upside may see the stock hit Rs 25 and then Rs 27 levels, which also are the next immediate resistances, as per the daily chart. The overall trend shows a strong upward bias till the support of Rs 18 is held decisively. CLICK HERE FOR THE CHART

 
Voltas Limited (VOLTAS)
Likely target: Rs 1,050 and Rs 1,100
Upside potential:  6% to 11%

Since the mid-February, Voltas has been trading in a broad range of Rs 910 to Rs 1,100 levels. The stock is nearing the support of 200-DMA, placed at Rs 947 levels. If it stock manages to hold this levels then a reversal rally towards Rs 1,050 and then Rs 1,100 levels cannot be ruled out, as per the daily chart. CLICK HERE FOR THE CHART
 
Dish TV India Limited (DISHTV)
Likely target: Rs 16
Upside potential:  20%

This counter is likely to move in the direction of Rs 16 levels, which is the breakout mark of a “Golden Cross” formation, according to the daily chart. The stock is hovering hovering around its 200-DMA, currently placed at Rs 12.35, which stays as a closing basis support. The RSI has moved above the oversold territory, signalling a positive sentiment ahead. CLICK HERE FOR THE CHART

 
Himadri Speciality Chemical Limited (HSCL)
Likely target: Rs 61 and Rs 65
Upside potential:  12% to 20%

Unless Himadri Speciality Chemical conquers Rs 54 mark, which is the 50-DMA, the upside bias is likely to test the support of 200-DMA placed at Rs 47.80 levels. Upon crossing Rs 54, the counter may see a surge of over 20 per cent in the short-run towards Rs  61 and then Rs 65 mark. CLICK HERE FOR THE CHART