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How To Trade : Voltas, Havells and Bajaj Electric



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Voltas : Long was advised near 450-60 just last week and stock skyrocketed in no time, stock is now trading around 580 and we are sitting on +25% returns, but now stock may face some resistance between 580-600 so keep eye's open and use rallies to book profit till it sustains above 600. Above 600 stock can rally further up towards 620-40 to 670, on dips support exists around 555-545 below that  500 possible. Have a look at chart
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Havells : Longs were initiated last week when stock was trading below 500 levels, now stock is trading at 567 and have tested 575. As per chart study stock may face resistance around 577-584, hence fresh longs for targets of 620-30 to 650-80 is advisable only on crossing these levels with good volume. If fails in doing so, retesting of 555-535 in short term can't be ruled out.Here is the charts I checked :
Bajaj Electric : Stock is looking, we initiated this stock as an investment idea 2-3 weeks ago while it was trading around 350-360, now stock is trading around 450. Stock successfully closed above trend-line resistance and once sustains above 465 we may witness fresh move towards 490-500 to 580-650-720 in coming days. stock has good support around 420-400 and can be used to add more in case of any sudden jurk. stoploss can be placed at 388. Have a look at chart


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