ParamjitMahapatro

voltas is bullish in medium term.

NSE:VOLTAS   VOLTAS LTD
in monthly, voltas is in wave 3.

if we check the fractals of wave 3, then we have 2 scenarios.

1st scenario - wave ( iii ) of of 3 going on.
2nd scenario - wave is going on. Here i considered mar - oct 2016 rise as 3 wave.
in either case, voltas got ew targets of 670+ , so every meaningful dip is a buy.

Note: this post is for educational purpose
Sep 07
Comment: price retested the horizontal support for couple of times, now it is moving up.
Dec 16
Comment: after re testing the horizontal support price moved up nicely ,


learning point - 1.support/resistance is not a level or line , its a zone,
2. patience and conviction required for wealth creation in stock market.
3. Patience and conviction is generated after lots and lots of follow up analysis.
May 12
Comment: cmp - 618, regular bearish divergence seen at horizontal resistance zone, looks bearish

Comments

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