We published about Voltas Ltd in April 2024 and predicted the possibility of Multibagger returns in coming 1-2 years. Check out the below research we had published on 23rd April 2024 itself –
This stock has managed to hold its gain and gave more than 44% returns in 4 months of span and made a life time high of 1828 levels.
Voltas Ltd Weekly Chart Anticipated as on 23rd April 2024
Multi bagger stock recommendation: Voltas Ltd
Buy Price – Buy at CMP 1390 more on dips
Time Horizon –1 to 2 years
Investment – 5% of capital
Target price –??
Stop loss - ??
Anticipated as on 23rd April 2024 – Elliott Wave Theory:
On the weekly chart, stock gave a breakout of previous swing high as prices have given a close above 1347 levels. Also, 50 and 150 period Exponential Moving Average (EMA) has shown a bullish crossover at the start of February 2024. Since then, stock has shown a good rise. Previously, similar bullish crossover was happened in the year 2014 after which we saw a good rally. Similarly, we can expect a good momentum to continue in this stock. As, wave theory, price action and indicators all are in sync and suggesting the same thing.
Voltas Ltd Weekly Chart Happened as on 4th September 2024
Happened– The stock has been moving in sync with our expectations. After an initial dip, the stock has shown sharp rise on the upside which is overall 44% from the lows in just 4 months of span!!! It has touched its fresh record high near 1828 levels recently and currently it is quoting near 1787 levels. The overall up move has been strong and we expect prices to achieve its target of.....levels in coming months.
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