Voltas moving in green. Intraday trade for 01/02/24.

Voltas on the daily close has given a break out of the resistance zone around 1050-60.

It made a base around the 20 DEMA and given a nice move with good volumes.

Bullish entry can be made in the stock for positional trade for a ultimate level fo 1230.

Intraday entry with 1140 as target can be initiated and a stict SL should be kept as tomorrow is budget.

Target :- 1140, 1230
Support :- 1082, 1055

Enty :- Starts trading above 1095 levels.

Crossing the resistance level of 6 month can give some buying momentum.

Wait for the price action near the levels before entering the stock.