Technical analysis; Voltamp Transformers, Everest Kanto Cylinders

MUMBAI: The daily chart of Voltamp Transformers shows a gradual decline from Rs 1,454 to Rs 1,140. Friday, it bounced from the trendline support on high volumes. Immediate supports are pegged at Rs 1,210 and Rs 1,158, which, if it holds, can move up to Rs 1,295 and Rs 1,325-1,365 in the short term which, if sustained, Rs 83 in an optimistic scenario.

Resistance: 1295, 1325, 1365.

Support: 1210, 1163, 1085 .


Everest Kanto Cylinders:

The weekly chart of EKC shows it moving in a sideways channel in green (188-240). A decisive breakout above Rs 240 on high volumes could see it move up to Rs 285 in the short term. Immediate support is pegged at Rs.210, while breach of Rs 188 would negate bullishness.

Resistance: 240, 258, 285, 310.

Support: 221, 215, 188.