TradingSutra

VOLTAS : A flat Correction

Short
NSE:VOLTAS   VOLTAS LTD
From the highs of 1125 made in june 2021 , stock had given a fall to 984 levels & then rebound in a choppy manner to the level of 1080. Right from there we have seen an impulsive fall & stock has broken the support zone of 1000. This level will act as resistance & stock will likely to fall further and will reach to the zone of 940-20 again.

One should short voltas in the zone of 1000-1010 with sl of 1040 and look for the target of 950/920

Manish Bhardwaj (CMT L-1)
Analyst & Co-Founder
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