Voltas-Hourly Chart indicates bullish conditions
The price has moved above the horizontal short term resistance line with a white candle.
Can it meet the previous resistance at 489.
It may struggle a while around 478
Stops may be placed at 471.
Thanks and Regards
The price has moved above the horizontal short term resistance line with a white candle.
Can it meet the previous resistance at 489.
It may struggle a while around 478
Stops may be placed at 471.
Thanks and Regards
Trade closed: stop reached:
The price couldnt sustain above the TL. It came back to 466. Its better to look for a bigger candle when breakout is happening.Candle body getting smaller indicates that buying interest has considerably come down.