VOLTAS LTD
Zaktualizowano

voltas is bullish in medium term.

117
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. snapshot

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

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

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

snapshot

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.
Uwaga
cmp - 618, regular bearish divergence seen at horizontal resistance zone, snapshot
looks bearish

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