Voltas - Bearish Engulfing pattern

Price action of voltas daily chart shows bearish engulfing pattern formation at the critical resistance level . We can go for short at the price of 334 with targets 320 and 310. I wont enter this trade till nifty is bullish .

Comment:

Voltas was having resistance around 348-351. Price reached 351 then formed a bearish pin bar, raising wedge pattern which is a indication of price reversal. Price fall to 320 and took support to bounce back.