Technical calls by Religare Broking: Buy Voltas, Sell Biocon June Futures

Here are the top trading ideas by Religare Broking

Voltas 
 

Recommendation: Buy

Last Close: Rs 598.60
 

Initiation range: Rs 589-594
 

Target: Rs 625
 

Stop loss: Rs 576
 

The stock has been consolidating in the broader market for last one year. Recently, it tested the support zone of 200 exponential moving average (EMA) on the daily chart and rebounded strongly thereafter. On June 3, it has completed the formation of a fresh buying pivot and likely to see fresh surge ahead. We advise initiating fresh longs position as per the levels. 

Dabur India 
 

Recommendation: Buy
 

Last Close: Rs 405.55
 

Initiation range: Rs 401-405
 

Target: Rs 430
 

Stop loss: Rs 394