NSE:VOLTAS
Double bottom is always a perfect pattern for LONG ENTRY.
But I prefer to add some more factors which increases my probability to achieve the target.
In this analysis tutorial, we will learn that.
* After falling wedge pattern breakdown Stock momentum is exhaust near a good Support.
- Never Entered in ONE SIDED BREAKDOWN or BREAKOUT. Wait for...
VOLTAS TAKING SUPPORT OF TRENDLINE
HIGH RISK TRADE - AGAINST THE MKT
GOOD TILL IT BREAKS AND SUSTAINS BELOW 690
BELOW 690 CLOSE VIEW NEGATED UPSIDE 717/738
Possible breakout if crosses above 662 level on weekly chart
There is higher lows formation on weekly chart
Also trading above 50 days MA, which is strong support
