Voltas is a part of the TATA Group. Company started as jointed
venture of M/s. Volkart Brothers and TATAS.
It is an engineering,air conditioning & refrigeration company which is based in Mumbai,
India.It also makes equipment for industries in areas such as heating,
ventilation and air conditioning, refrigeration,
construction equipment, materials handling, water management, building
management systems, indoor air quality and chemicals.
Voltas touched
its 52-week high Rs.132 on 26 Feb 2014. Voltas being on 52 weeks high is still going
strong.
Following
are some interesting things which we noted in Voltas :-
(1) Here we have 2 months trendline which
touched support line 2 days back i.e. 24th Feb 2014 and now moving upwards.
(2) To every price action there is same volume
action i.e. with increasing price there is increasing volume and vice-versa
which also means that there is a mass participation due to which price of the
stock have chances to go upwards with presence of increasing volume.
3) Though being in overbought region its RSI is
positive.
We do not
believe in giving calls to any one, we trade with our own money. But we would
like to share knowledge what we have learnt.
If you are
interested do buy our course learn trading step by step. You can see a sample
video of the same from here.
See
syllabus for Technical analysis training in Mumbai, India.
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read our disclaimers before investing http://tradingkamai.blogspot.in/p/disclaimer.html
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