The price was forming a falling wedge
pattern but broker out of the wedge
and formed a Higher high. As can be seen from the current market structure, Voltas is in an uptrend. The price formed a hammer
candle on the 200 moving average and bounced back. The 200 SMA
has acted as good dynamic support in the past, as has been highlighted by the green circles.
1033, 1084, 1131
You are always advised to use an appropriate Risk-Reward ratio as per your strategy.
P.S: This is NOT investment advice. This chart is meant for learning purposes only. Invest your capital at your own risk.