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VOLTAS LTD

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VOLTAS trade ideas

Support turned Resistance in VoltasVOLTAS weekly chart has exhibited a typical support turns resistance price behavior in the 920 zone. The stock took support in this zone in Apr'21 and again a couple of times in May'22. It finally left this zone toward the down side in Sep'22 only to bounce back against the 920 support zone six months later in Mar'23. However, this time the 920 zone has turned out to be a resistance, a typical behavior in technical analysis, and the stock has fallen sharply from there. The weight of the evidence now points toward further downside in the price.
NSE:VOLTAS
by vipulmehta817
Neat & Clean Breakout Seen in Voltas|this is going in sky.About Company:- Voltas is engaged in the business of air conditioning, refrigeration, electro - mechanical projects as an EPC contractor both in domestic and international geographies (Middle East and Singapore) and engineering product services for mining, water management and treatment. Technical @ Fundamental Analysis:- We have seen falling trendline breakout in Voltas with huge Volume and MACD bullish crossover,,this all indicate a bullish momentum in Voltas..Price also got retested and move upward after breakout this is another positive indication. So now as we are getting this much positive signals from price action and indicators then definitely we can assume Voltas has taken U turn and now chances are very less to go down and make another low in recent time. Market Cap ₹ 28,120 Cr. Current Price ₹ 850 High / Low ₹ 1,348 / 737 Book Value ₹ 169 Dividend Yield 0.65 % ROCE 13.0 % ROE 9.62 % Face Value ₹ 1.00 Debt ₹ 393 Cr. EPS ₹ 5.25 PEG Ratio -743 Promoter holding 30.3 % Intrinsic Value ₹ 131 Pledged percentage 0.00 % EVEBITDA 42.8 Company is almost debt free. Company has been maintaining a healthy dividend payout of 31.1% Guy's if you like my work Please like,follow and comment your thoughts about this ticker and my work. Thankyou:))
NSE:VOLTASLong
by TraderRahulPal
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