Voltas ltd has given some fake moves after the breakout of the falling wedge but it is not able to hold the shorts and bounced back above the pattern. On 10th Feb it has given a strong range breakout with strong volumes, we are planning to take entry upon breakout Retest so it can add more confluence. (entry in zone 830 -835)
the stop loss shall be below the breakout candles low on the daily timeframe (795). the target levels are mentioned on the chart.
Fundamental:- Voltas ltd is a manufacturer of electric appliances mainly cooling systems and it has made a good position in the market by providing high-quality products, and the summer is already on its way so many new cooling systems will be installed in offices, homes, etc will boost Voltas Stock in the coming months.
this is only for educational purposes only. Always trade with stop-loss.
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