Voltas has been in a consolidaTION FROM 2 MONTHS . And it has given a minor breakout from falling channel.
It may be posssible that its reststing the broken zone as shown. NSE:VOLTAS
NSE:VOLTAS
trying to close above 1012.5 from 22nd march onwards. Today it succesfully closed above that level after a consolidation in a small range..
if that range is broken with a gap up then good momentum can be seen on the upside
VOLTAS IS SHOWING A SIGN OF TREND CONTINUATION. INVESTORS CAN HOLD THE STOCK FOR MORE RETURNS WHILE NEW SWING ENTRY IS ALSO POSSIBLE
Note:
Avoid the stock if a big gap up or gap down is seen
Enter after the breakout happens and not before it
Do not chase the market, i.e., do not get involved in late entries
Only enter with strict stop-loss and target
This...
Voltas has shown good market capture in Home AC segment though not as good as expected.
It has potential to show some good rally to factor in recent performance on charts as well.
Pole and flag is formed and next outcome likely to happen.
VOLTAS LTD bullish flag breakout we can see 20% move as it down 20% from all time high we can forecast a move from the breakout 1st target -1195 and 2nd target-1275 with a stop loss of 920
