anuragcoma15

Voltas - Breakout with Higher Lows

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NSE:VOLTAS   VOLTAS LTD
VOLTAS has broken out after over a year of consolidation.
Voltas started making higher bottoms after making double bottom pattern.
Stock is showing great volumes.

CMP 977
Breakout level: 930
SL: 899
Target: 1125

Stock can come back to its breakout level to retest the breakout. Retesting of breakout makes the breakout stronger.


Note: It's weekly chart analysis. Don't think short term based on this analysis.

Remember: SLs are essentials.

Disclaimer: I'm not a registered analyst. I'm just sharing my opinion on the platform for others to benefit in learning from my market understanding. Please do your due diligence before making a trade.


Dagangan ditutup: sasaran tercapai:
Target met. Reached target of 1125. CMP 1083

977 -> 1083 -> 11% in 4 months.

Further I believe it can go to 1250. Keep SL of 1000 if you're going to chase the new price.

This trade is closed.

Penafian

Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.