voltas is bullish in medium term.

Telah dikemas kini
in monthly, voltas is in wave 3.

if we check the fractals of wave 3, then we have 2 scenarios.

1st scenario - wave (iii) of [iii] of 3 going on. syot kilat

2nd scenario - wave [iii] is going on. Here i considered mar - oct 2016 rise as 3 wave. syot kilat

in either case, voltas got ew targets of 670+ , so every meaningful dip is a buy.
syot kilat
syot kilat

Note: this post is for educational purpose
Nota
price retested the horizontal support for couple of times, now it is moving up. syot kilat
Nota
after re testing the horizontal support price moved up nicely ,

syot kilat

learning point - 1.support/resistance is not a level or line , its a zone,
2. patience and conviction required for wealth creation in stock market.
3. Patience and conviction is generated after lots and lots of follow up analysis.
Nota
cmp - 618, regular bearish divergence seen at horizontal resistance zone, syot kilat
looks bearish
Bullish PatternselliottwaveprojectionElliott WaveuptrendWave Analysis

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