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Monday, December 23, 2024 | 11:13 AM ISTEN Hindi

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Voltas, RBL Bk: Nilesh Jain of Anand Rathi picks stks in this volatile mkt

The stock of Voltas has provided a fresh breakout from a pennant pattern on the daily chart and has also been trading in a rising channel

The stock of RBL Bank has formed a symmetrical triangle formation on the daily chart and is on the verge of a breakout from the same
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The stock of RBL Bank has formed a symmetrical triangle formation on the daily chart and is on the verge of a breakout from the same

Nilesh Jain Mumbai
BUY VOLTAS | TARGET: Rs 755 | STOP LOSS: Rs 700

The stock has provided a fresh breakout from a pennant pattern on the daily chart and has also been trading in a rising channel. The momentum indicators and oscillators are in the buy mode on the weekly as well as daily scales which hint at a further positive momentum in the counter. The stock has also witnessed a build-up of a long position with the addition of approximately 18 per cent open interest. 

BUY RBL BANK | TARGET: Rs 190 | STOP LOSS: Rs 172

The stock has formed a symmetrical triangle

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