If the previous record of this stock is checked, it may be noted that this stock is always following the channel. Presently price very near the value low where investors can take their position.
The current price is 550 - Support of value 525 nearby = 25 points patience is required.
You can make your Trade Setup by using this distance of the 25 points.
Voltas has formed 8 waves channel (value area) with control price.
The current price is trading at 653 and major resistance are 665 nearby and 636 nearby, the calculation of far;
Major R. 665 - Major R. 636 = 31 / 2 = center 15.5
Plan A: Buy this stock above 665 if close
Plan B: Buy at the value low 636 nearby
Both trade-plans has the same target...
In the previous analysis was worked accurate on TATATOMOTORS.
The execution of the strongest responsive moved seen in it, and the price come to value low. Traders & Investors attraction always come to at this point to long.
The previous Support at 167 nearby, I suggest to take a long position and over the responsive move.
NSE:BPCL Stock was one of the top gainers in pre-market.
The Price on daily chart has formed morning star candlestick pattern which is a bullish reversal candle and it has also formed a falling wedge pattern which is a bullish reversal pattern. we can expect spikes in buying volume in the the share price of BPCL.
**for study purpose only**