Sunday, December 24, 2006

Voltas Ltd. ready for all time highs!


Voltas Ltd. (500575) has broken out of an inverted Head and Shoulders bottom pattern. The neckline of this pattern (as shown in the accompanying graph) is at 115 and CMP is 117.15, The graph is a weekly chart and long positions can be take with a stop loss of 105 on weekly closing basis. Target according to the pattern is 160.

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