Stock has fall down like a water and complete 61.8 retracement at 285 level where you can find some other ratios are overlapping each other. From this area of support 285-289 we can see a possible support.
Voltas is falling continously from many days. As per the chart it looks like that it had made its low for this series and it might turn towards north from here fast. So what is next?
As per the chart it look like that now it will not break it today low made @297.75 and will move upward towards 318/323 from here if move above 305.30
This view will become invalid if...
Possible Elliot Count Wave 1 + Correction
Start of Wave 3
if true Wave 3 > Wave 1 --> target min 430
can some one please check - not an elliot expert .
As per the weekly price action, it is been observed Wave 4 is correcting at present and it shall move to 355-360 levels.
This is chart is on request of @Yuvrajsingh7722
The corrective wave for Voltas has already began with the completion of wave 1 and on the way for the correction of wave 2 around 385 levels after which one can look for shorting opportunities.
