Voltas Long Position(Breakout)

Voltas Ltd. has been in the news for shorting recently. But demand in consumer goods and higher trading volumes had made the stock jump and pass the resistance point it has been trying to break two times as seen in the chart. Breakout is observed which makes it a strong buy currently. And coincidentally, it is the only Tata stock which hasn't witnessed monumental peaks. This breakout suggest that the stock is perfect for getting into long positions.

Disclaimer- This is a well thought-out and researched recommendation. Trade at your own risk and research. This idea is to help you research the stock and update you about the scrip's price and chart patterns. TRADE AT YOUR OWN RISK. THIS IS PURELY EDUCATIONAL MATERIAL.

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