Trading idea by Vaishali Parekh of Prabhudas Lilladher: Buy Voltas

The RSI on Voltas' stock is also on the rise and has signaled a buy

BUY VOLTAS | CMP: Rs 508.90 | TARGET: Rs 630-650 | STOP LOSS: Rs 460

The stock has witnessed a decent erosion form the levels of 740 and has bottomed out near 450 levels, indicating a trend reversal. The RSI is also on the rise and has signaled a buy. We suggest to buy this stock for an upside target of Rs 630-650 keeping the stop loss of Rs 460.

Note: All stock prices are in rupee denomintion, unless otherwise stated.

Disclaimer: The analyst may have positions in one or all of the above mentioned stocks. Views expressed are personal.