VOLTAS IS TRYING VERY AGGRESSIVELY TO REACH THE LEVELS OF UPPER AREA SHOWED A BIT MOMENTUM BUT ALSO SHOWED A HUGE REJECTION FROM THE RESISTANCE AREA . . . WHAT YOU GUYS THINK ? DOWN OR UP ? COMMENT BELOW LETS DISCUSS ...
Voltas nearly breakout of ascending triangle pattern with strong volume. We can go long for the target of 710 720+
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.