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Showing posts with label Oversold. Show all posts
Showing posts with label Oversold. Show all posts

Saturday, January 26, 2013

VOLTAS - A good stock to buy


Simple charts of VOLTAS shows, it is good time to buy the stocks.  Reasons :-

1. Oversold indicators both daily and weekly
2. Hammer on daily and weekly chart which is good enough reversal indicator
3. Took support at 61.8 % retracement level at weekly chart

Daily Chart 

Weekly Chart