Hi, Please find my study about Voltas.
It got Head and shoulders / Cup & handle / Ascending triangle pattern formations.
And in day chart today it shown "Morning star" candle at support, which is good sign for earlier entry.
But the perfect entry will be after the breakout of 1132 and above.
please confirm it before you go for a entry.
Hope that helps,
A simple long term view about banknifty (weekly time frame), done for study purpose.
It is nicely getting the shape of inverted "head & shoulders" pattern. yes, if that breakout could reach 55k.
Hi Friends, BEL has got perfect cup & handle patter formation.
155 is resistance, above 155.50 can be used for early entry zone to minimize our stop-loss.
But the perfect entry could be after the breakout and good volume.
Please consider this analysis for educational purpose, make sure before you go for a entry.