Big movers on D-Street: What should investors do with Voltas, RVNL and MapMyIndia?
Sebi chief Madhabi Puri Buch and her husband by the US short-seller Hindenburg Research.
Stocks that were in focus include names like Voltas, which rose 10.69%, RVNL, which jumped 11.16%, and MapMyIndia, whose shares increased 3.75% on Monday.
Here's what Kushal Gandhi, Technical Analyst, StoxBox, recommends investors should do with these stocks when the market resumes trading today.
Voltas
The price of Voltas has experienced a significant surge, rising by over 110% from the lows of July 2023, indicating a robust upward price trend.
During today's trading session, the price action broke out of a narrow range consolidation near the upper boundary of a fair value gap, signifying the emergence of a demand zone that now acts as a support zone. This phase suggests a potential accumulation, reinforcing the continuation of the established trend.
Additionally, Voltas has exhibited an improving relative strength compared to the Nifty benchmark index and has demonstrated increasing buyer demand. Consequently, we recommend buying Voltas with a target price of 1785 and a stop loss at 1493.
RVNL
The price of the stock experienced a minor 20% correction from its all-time high, following a significant 158% increase from the lows of May 2024.
This suggests that long-term investors are maintaining their positions, which is limiting the downward movement. The recent market activity indicates that passive buyers are starting to gain strength relative to sellers, a positive sign.
The stock has exhibited improved EPS
