Bearish pattern in Voltas & Adani Enterprises ... Near term weakness can be seen in stocks ....

Voltas Daily Chart

Adani Enterpries Daily Chart

• Both Voltas and Adani Enterprises has broken below the bearish H & S pattern.

• Voltas use rises to sell around 230 - 238 (CMP 230) with SL 250 - 254 for targets of 184 - 180

• Adani Enterprises can sell around 480 - 490 with SL 504 for targets of 450 odd levels

Raju V Angadi

Equity Research Analyst

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