Voltas - Breakout with Higher Lows

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.

Transakcja zamknięta: osiągnięto wyznaczony cel:

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.