-public holding in 2017- 22%
-public holding in 2023- 15%
-highest ever sales (TTM) & capex underway
-losses from exceptional items may not impact in future
Huge Sell off in the Voltas Stock has been Seen, Also Stock has seen Pattern Break down, I am Bearish on the Stock, Will be Selling Voltas Future Below 925 For Targets of 900 And Stoploss 940
NSE: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
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...
