Voltas is so far away from its ATH and it is in the process of forming abeautiful cup with handle.
On the break of the handle, the trendline and the 50ema will also be broken. If such a break is seen on high volume, a beautiful long position can be taken for a long term trade or even an INVESTMENT
Updating this early so people can be on the lookout for a wonderful opportunity
Points to Note:
1. Handle is showing a valid shakedown on low volume which is important as it is sort of a trap for sellers.
2. Handle is above the 10SMA and in the upper half of the cup
3. Voltas is at a considerable low from its ATH and such a powerful pattern at a low is a money minting machine
Keep It Simple
On the break of the handle, the trendline and the 50ema will also be broken. If such a break is seen on high volume, a beautiful long position can be taken for a long term trade or even an INVESTMENT
Updating this early so people can be on the lookout for a wonderful opportunity
Points to Note:
1. Handle is showing a valid shakedown on low volume which is important as it is sort of a trap for sellers.
2. Handle is above the 10SMA and in the upper half of the cup
3. Voltas is at a considerable low from its ATH and such a powerful pattern at a low is a money minting machine
Keep It Simple
Comment:
Target ht