Whatever is the story of recession in the markets but no doubt this Voltas is looking good for a value buying from here.
Check the chart its almost about to finish its 2nd wave and most likely will or should start its 3rd wave up very soon.
Best place to go for it is around 660-665 which is 61.8% retracement of the whole leg from year 2020 corona lows till its ATH.
Since this is weekly chart you need to be bit careful with your entry.
Worth to notice is that there are bullish divergence already developed in the stock ahhh and that too on weekly chart...
Lets see how it plays out from here...
Check the chart its almost about to finish its 2nd wave and most likely will or should start its 3rd wave up very soon.
Best place to go for it is around 660-665 which is 61.8% retracement of the whole leg from year 2020 corona lows till its ATH.
Since this is weekly chart you need to be bit careful with your entry.
Worth to notice is that there are bullish divergence already developed in the stock ahhh and that too on weekly chart...
Lets see how it plays out from here...
Trade active:
This just took of today amazingly...
I was expecting it to come little lower but it took of from 50% retracement level marked on the chart.
If u r in trade...just sit back, relax and enjoy the ride... long way to go now.
I was expecting it to come little lower but it took of from 50% retracement level marked on the chart.
If u r in trade...just sit back, relax and enjoy the ride... long way to go now.