Look at the chart if voltas breaks the channels upper boundary it will give a sharp move. Targets mention in the chart.
Voltas nearly breakout of ascending triangle pattern with strong volume. We can go long for the target of 710 720+
Price breaks the pattern and reached the long term resistance levels if closes above this resistance then one can look for long till the previous high levels.
Enter Voltas long and target 620 and then 660. It is in clear uptrend and broken upper trendline.
Note: This is for educational purpose only. Build up near resistance shows lack of selling pressure. Expecting a good bullish breakout once resistance is broken with good volume. RSI above 60 adds to the bullish momentum conviction.
Note: This is for educational purpose only. Bullish hammer formed on 20 EMA. 20 EMA above 50 EMA indicates medium term bullish trend. RSI above 50 indicates bullish momentum.