Weekly: Sell Voltas below 315. Target 300. Havells to test 307.
While Voltas was consolidating above 315 for a big move, Havells has broken down 325 support levels. Sell Havells on rally towards 325. For a target of 307. SL 327. Voltas is also a sell below it’s support at 315. For a target of 300. The target to hit in a week on a weak market. Time is relative to market movement.
Crompton was looking 10% cheaper to Voltas and Havells last week. Now it is at 7% gap, Which is likely to be filled.