Voltas LTD is falling sharply past few days, Now it has come very close to the support region.
the immediate support and resistance levels are marked on the chart.
#support : 737
If the stock manages to close below the support level on daily closing basis, the stock may expect to test the next support level in few sessions which is marked on the chart at 680.
in other case, if the stock takes support at the given level and bounces back it may reach towards the trendline resistance plotted on the chart. If the stock breaks out from the trendline resistance then we may expect the targets till next immediate resistance marked on the chart.
so watch the price action and keep the stock on radar.
Follow us for more such information, and if you like the idea do not hesitate to like it. Do let us know in comment section if you want us to check out any stock.
Disclaimer: This idea is just for educational purpose, please do your own research before initiating any trade.
the immediate support and resistance levels are marked on the chart.
#support : 737
If the stock manages to close below the support level on daily closing basis, the stock may expect to test the next support level in few sessions which is marked on the chart at 680.
in other case, if the stock takes support at the given level and bounces back it may reach towards the trendline resistance plotted on the chart. If the stock breaks out from the trendline resistance then we may expect the targets till next immediate resistance marked on the chart.
so watch the price action and keep the stock on radar.
Follow us for more such information, and if you like the idea do not hesitate to like it. Do let us know in comment section if you want us to check out any stock.
Disclaimer: This idea is just for educational purpose, please do your own research before initiating any trade.
Comment:
Keep the stock in radar, watch out for daily closing.