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VOLTAS LTD
Short
May 19, 2020
Voltas EWT, Weekly TF. & Hourly TF.
8
9
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35
35
Elliott Wave footstep for Voltas:
Validation:
W2 & W3 corrective
W2 retraced at 50% exact
W3, price extended 161% compare to W1.
The Corrective W4 traveled in rage between 38.2 and 50%.
W5 exactly was normal.
The price is under the waves a,b, and c correction.
Support 408, can push price up-to 492 and 530+ for corrective wave 'b'.
1 hour chart:
Loot up
"EW Theory"
for hourly TF.
398-408
is target for short sellers
Support
400
nearby to push price upside
458
nearby.
reshmi_chauhan1
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Elliott Wave
Parallel Channel
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