Voltas: Technical and Fundamental Analysis
Stock Details:
Market Cap: ₹43,154 crore
Current Market Price (CMP): ₹1,304.20
PE Ratio: 171.15
Dividend Yield: 0.42%
52-Week High/Low: ₹1,502.30 / ₹745.00
Beta: 0.93
Technical Analysis:
Hourly Chart:
The stock opened with a gap down and has been experiencing slight bearishness.
The price is currently moving below the 20, 50, 100, and 200 EMAs, indicating short-term bearish pressure.
Daily, Weekly, and Monthly Charts:
In these time frames, the price has been consistently taking support at the 20 and 50 EMAs.
This suggests that despite short-term volatility, the stock is maintaining a bullish stance in the medium to long term.
Outlook:
Short Term:
The stock might experience a small correction due to current bearish signals in the hourly chart.
Medium to Long Term:
The stock is expected to be bullish given the support from 20 and 50 EMAs in daily, weekly, and monthly charts.
The company's strong fundamentals support a positive outlook over the longer term.
Given the above analysis, it may be wise to research further and consider adding Voltas to your watchlist for potential investment opportunities.
Research, Trade, and Invest:
Conduct thorough research to understand the company's fundamentals and market conditions.
Monitor the stock's performance, especially its movement around key support and resistance levels.
Be prepared to act on trading signals that align with your investment strategy.
Disclaimer:
This analysis is for informational purposes only and does not constitute investment advice. Always consult with a financial advisor before making any investment decisions.
Market Cap: ₹43,154 crore
Current Market Price (CMP): ₹1,304.20
PE Ratio: 171.15
Dividend Yield: 0.42%
52-Week High/Low: ₹1,502.30 / ₹745.00
Beta: 0.93
Technical Analysis:
Hourly Chart:
The stock opened with a gap down and has been experiencing slight bearishness.
The price is currently moving below the 20, 50, 100, and 200 EMAs, indicating short-term bearish pressure.
Daily, Weekly, and Monthly Charts:
In these time frames, the price has been consistently taking support at the 20 and 50 EMAs.
This suggests that despite short-term volatility, the stock is maintaining a bullish stance in the medium to long term.
Outlook:
Short Term:
The stock might experience a small correction due to current bearish signals in the hourly chart.
Medium to Long Term:
The stock is expected to be bullish given the support from 20 and 50 EMAs in daily, weekly, and monthly charts.
The company's strong fundamentals support a positive outlook over the longer term.
Given the above analysis, it may be wise to research further and consider adding Voltas to your watchlist for potential investment opportunities.
Research, Trade, and Invest:
Conduct thorough research to understand the company's fundamentals and market conditions.
Monitor the stock's performance, especially its movement around key support and resistance levels.
Be prepared to act on trading signals that align with your investment strategy.
Disclaimer:
This analysis is for informational purposes only and does not constitute investment advice. Always consult with a financial advisor before making any investment decisions.
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