VOLTAS-NSE
voltasNSE:VOLTAS
voltas descending triangle breakout happend on the up side expecting upside target marked on the chart
only for educational purpose
it can be a trap also desending triangle (bearish sign)
a gap pending below
Voltas EWT, Weekly TF. & Hourly TF.Elliott Wave footstep for Voltas:
Validation:
W2 & W3 corrective
W2 retraced at 50% exact
W3, price extended 161% compare to W1.
The Corrective W4 traveled in rage between 38.2 and 50%.
W5 exactly was normal.
The price is under the waves a,b, and c correction.
Support 408, can push price up-to 492 and 530+ for corrective wave 'b'.
1 hour chart:
Loot up "EW Theory" for hourly TF.
398-408 is target for short sellers
Support 400 nearby to push price upside 458 nearby.
Voltas perfectly achieved target as per my researched.Kindly comment if you have any queries.
In the below chart, there is complete trade setup.
Voltas short...Guys VOLTAS reach Demand zone keep watch and take profit Entry-Exit mention on the chart...
Disclaimer:
The information contained in this presentation is solely for educational purposes. Does do not constitute investment advice. I may or I may not take the trade.
The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable for your own financial situation.
I am not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
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