VOLTAS due for CORRECTION or NEXT LEG UP

VOLTAS is making a rising wedge pattern.

The obvious move will be a break down of the wedge as suggested by the Divergence on RSI.

Since price is moving up but momentum is slowing, a correction is expected.

This is a short term market move and post a 3-5% correction, stock will continue it's uptrend or go into consolidation.

Short below 820.
Target 1- 800
Target 2- 784
STOP- 830

NOTE:- Trade at your own risk.

Trade ativo

Trade fechado: objetivo atingido:

Correction in markets fueled the move. Target 2 hit.