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Mehul Kothari recommends to buy Astral, Voltas

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BUY


Astral


Buy Near: Rs 1,920


Target: Rs 2,030


Stop Loss: Rs 1,860


Astral has been in a corrective mode since September 2022 and has cracked from the peak of Rs 2,650 towards Rs 1,900. Since last few weeks the stock has been consolidating and that indicates exhaustion in selling. We are witnessing multiple bottoms near Rs 1,860 mark along with a fresh breakout.


Thus, we advise traders to buy the stock near Rs 1,920 with a strict stop of Rs 1,860.


BUY


Voltas


Buy Near: Rs 840


Target: Rs 890


Stop Loss: Rs 815


Even has been in a strong corrective mode since many months. The stock seems to be highly oversold on almost all time-frames. On the daily scale, we are witnessing higher top higher bottom formation which indicates change of trend.


Hence, we advise traders to buy the stock near Rs 840 with a strict stop of Rs 815.


(Mehul Kothari – AVP – Technical Research, Anand Rathi Shares & Stock Brokers. Views are personal).

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