johntradingwick

Voltas - Falling wedge + Bullish market structure

Long
NSE:VOLTAS   VOLTAS LTD
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.

Targets:
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.
Trade closed: target reached
Comment: All targets reached. ✅✅

12% in 5 days! 🚀🚀

Rajat Kumar Singh,
B.Tech. (Delhi Technological University)
Community Manager (India), TradingView

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