Hey friends...... look at the chart of Voltas (Daily), it seems that the stock has been forming head & shoulder formation and took resistance near its right shoulder, however my view on the stock is in bearish side, one may go short with a target of 555 to test its neckline & further downside may be expected if it broken down the neckline. Shorting is best at this level as favorable risk to reward.Besides, stock having accumulated good OI today and clearly show the weakness on upper levels. One may keep close SL as result of the stock is just nearby to announce.
Trade closed: target reached