VOLTAS resistance breakout. RR : 3.5
Updated
VOLTAS recent broke out of its resistance and 200 EMA at 580 with good volume.
Recent uptrend observed on daily chart and trend looks healty when compared with RSI.
LONG :
Target : 643 (next resistance)
SL : 580 (breached support and 200 EMA conflux)
RR ratio : 3.5
Disclaimer: This is for educational purpose. Please take position after consulting your advisor.
P.S. : I am new to this and this is my first post. Suggestions are most welcome.
Recent uptrend observed on daily chart and trend looks healty when compared with RSI.
LONG :
Target : 643 (next resistance)
SL : 580 (breached support and 200 EMA conflux)
RR ratio : 3.5
Disclaimer: This is for educational purpose. Please take position after consulting your advisor.
P.S. : I am new to this and this is my first post. Suggestions are most welcome.
Note
Price bounced after support retest. Outlook still bullish.Target : 640
SL : 580
Note
Target reached.
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