VOLTAS
Stock -> Voltas
TimeFrame->Weekly
Hello all!
Voltas has been taking constant support from its lower trendline since May 2020. This then further transitioned into a channel in February 2021. After traveling in a channel for a few months, it's now stuck in an Accumulation/Distribution (A/D) zone since September 2021.
Whether it's an accumulation zone or distribution zone, only time will tell. Small quantities of the stock can be purchased here with a minimal stop loss placed below the A/D zone and further quantities can be added once it breaks above the A/D zone. For Traders, the perfect entry would be after the breakout from the yellow box.
The analysis would become invalid if the stock breaks below the A/D zone.
*NOT A CALL*
#voltas #nifty #trendanalysis #swingtrading