Voltas made a bullish run from 100 DEMA to 200 DEMA in a day only to retrace back a little & is now perched beautifully just below the 200 DEMA & 50% FIB retracement level as shown on Chart. Its a precarious level with both scenarios of break and rejection equally possible. Volume & Momentum seem to favour a break upwards. Pay attention to NIFTY trends and...
STOCK IS FACING RESISTANCE AT 200DEMA AND MADE INVERTED HAMMER, WITH BEARISH ENGULFING CANDILSTICK PATTERN ON DAILY CHARTS, WHICH SHOWS STOCK WILL FALL IN COMING DAYS ..LEVELS MENTION ON CHARTS.
STOCK IS AT DAILY 200DEMA, FACING RESISTANCE AND ON DAILY CHARTS MAKING A BEARISH ENGULFING CANDLESTICK PATTERN, THOUGH VOLUME ARE NOT THAT MUCH...