Voltas
Voltas | Cup and Handle Pattern | Bullish ScenarioIn this video, we are going to witness the cup and handle chart pattern formation in daily chart of Voltas. Two probable scenarios were given.
Most probable scenario: A possible bullish breakout above 1120
Alternate scenario: Consolidation for some period
Minimal chances of a bearish movement.
VOLTAS LOOKS GOOD TO BUYThe stock has taken support multiple times from the blue line and again it formed a Hammer candle near the support line. One can open a Buy position if it sustains above 1047 until 1020 is intact on the downside.
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InvestPro India Team
🆒 VOLTAS 🆒
Take trade as per the values given in Fibonacci. always trail the stop loss. do your own analysis before taking trade
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