Voltas: 385-395 May Be A Good Hurdle Despite "Super cool" Q1 Result

Rising competition and tepid EMP & EPS segment may drag despite blockbuster UCP performance.

Trading idea: Voltas

CMP: 366

Sell around 375-385 OR on rise around 405-415;

TGT: 357*-345-325-310*-298-288*-280-270* (1-3M)

TSL> 395 OR > 425

Note: Sustaining above 395 zone, Voltas may further rally towards 405-415 area, which may be again a selling zone and only consecutive closing (3 days) above 425, Voltas may further rally up to 435-451* and 476*-510 in the near to long term (alternative bullish case scenario from the current trading level after nearly 78% rally in the last six months or so).

Any one holding long position in the counter and wishing to continue, may also watch the 357*-345 zone as near term positional support for the scrip.

Q1FY17 result & some other inputs to be updated later----

Analytical Charts: