voltas is bullish in medium term.
Atualizado
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.
2nd scenario - wave [iii] is going on. Here i considered mar - oct 2016 rise as 3 wave.
in either case, voltas got ew targets of 670+ , so every meaningful dip is a buy.
Note: this post is for educational purpose
if we check the fractals of wave 3, then we have 2 scenarios.
1st scenario - wave (iii) of [iii] of 3 going on.
2nd scenario - wave [iii] is going on. Here i considered mar - oct 2016 rise as 3 wave.
in either case, voltas got ew targets of 670+ , so every meaningful dip is a buy.
Note: this post is for educational purpose
Nota
price retested the horizontal support for couple of times, now it is moving up. Nota
after re testing the horizontal support price moved up nicely , 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, looks bearish
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