Today it gave clear view for bullish signal. As it was making bullish divergence by making lower low on price while RSI was making higher lows. Also it was taking good support from 1025 level. And it broke the trendline.
Here is the simple trade setup for 06-08-2021.
Chart and levels are easy to understand.
Do comment your doubt or...
Hi, Please find my study about Voltas.
It got Head and shoulders / Cup & handle / Ascending triangle pattern formations.
And in day chart today it shown "Morning star" candle at support, which is good sign for earlier entry.
But the perfect entry will be after the breakout of 1132 and above.
please confirm it before you go for a entry.
Hope that helps,
Elliott Wave footstep for Voltas:
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...