This is a contrarian call. Voltas has been languishing from highs of 1300 in feb 2022 to 800 now.
A three fan pattern had been formed in August and then it jumped from 800 levels to 900.
A three fan pattern is a bullish reversal pattern.
This pattern was formed earlier in BOB@40 and RBL@90. If it can hold stop loss of 740, Voltas can give good returns.
Dont forget we have festive season and year end discounts around the corner
Entry: 800-820
stl: 750
target1 : 920
targer 2: 1050
Disclaimer: I do own voltas and may exit when I see fit
A three fan pattern had been formed in August and then it jumped from 800 levels to 900.
A three fan pattern is a bullish reversal pattern.
This pattern was formed earlier in BOB@40 and RBL@90. If it can hold stop loss of 740, Voltas can give good returns.
Dont forget we have festive season and year end discounts around the corner
Entry: 800-820
stl: 750
target1 : 920
targer 2: 1050
Disclaimer: I do own voltas and may exit when I see fit