VOLTAS IS CONTINUASLY REJECTED FROM THE HUGE RESISTANCES AREAS
SAME IS ALSO HAPPENING RIGHT NOW FROM THE RESISTANCE ZONES
VOLTAS NEED SOME KIND OF NEWS OR SOME KIND OF GOOD IMPACT ON THE COMPANY TOO BREAK THE MAJOR RESISTANCES ZONES UNLESS AND UNTIL IF NO SUCH KIND OF STUFF COME IN THE MARKET THEN PRISE WILL CONITNUE TO FALL AT ITS MAJOR SUPPORT ZONES
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 ...
Take entry only when it satisfies these conditions :
1. It breaks the uptrend in a downside move.
2. The breaking candle is high in volume.
3. Wait for the retest as it is very very important in this case.
4. Set the Target and Stop Loss as soon as you enter the trade.
Do let me know if you have any doubts regarding the trade.
If you want to catch the move at early stage then, voltas is at the verge of giving flag pattern breakout, buy can be initiated above 663. There's hurdle present at 671, 682.
Such bets are a bit risky but give massive returns.
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.
For the past few days, its Consolidating in a range. Making a Descending triangle pattern.
Now it may break downside. Let see tomorrow.
For me it looks bearish below 530
may fall up to 500-510
Shower some LIkes!! If it Helps! :)
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