Voltas - Shows resistance at 50% retrace level.

58 0
Voltas is showing weakness. Sellers came in at 50% retrace levels of 345-350. It will act as strong resistance. It might further go down.

Sell can be taken on small bounce between 340-342 levels.

TP: 320
SL: 350
Trade active
Trade active
Trade active: Todays high it made 349.40 and then came back. SL is still protected. So far so good.
Trade active: Going good. Market is in deep green and Voltas is not attracting buyers. Justifies 350 level is showing good resistance.
Trade active: 12 Jan 2017. Back to near out entry and at safe distance from SL- 350. So far so good.
Trade active: Trade active on 13/01.
Trade closed: stop reached: Stopped out. SL hit. PL: -8 Points
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