Description
VOLTAS has been moving inside a rising channel for several months — creating higher highs and higher lows.
Both the top and bottom trendline's are respected multiple times (marked by circles), proving this channel is valid and strong.
Recently:
The stock fell from the top of the channel
Came down and touched the bottom support line again (blue circles at lows)
That support has always given a bounce previously
→ so buyers may step in again here
Also, a small falling channel has formed inside this bigger up-channel.
Price is now breaking out of that smaller falling channel, which hints at a possible bounce start.
VOLTAS has been moving inside a rising channel for several months — creating higher highs and higher lows.
Both the top and bottom trendline's are respected multiple times (marked by circles), proving this channel is valid and strong.
Recently:
The stock fell from the top of the channel
Came down and touched the bottom support line again (blue circles at lows)
That support has always given a bounce previously
→ so buyers may step in again here
Also, a small falling channel has formed inside this bigger up-channel.
Price is now breaking out of that smaller falling channel, which hints at a possible bounce start.
Trade ativo
Voltas +2%Price Action always tells the truth.
Trust the structure, not emotions.
Trade fechado: objetivo atingido
Voltas +3%upHope you guys utilized this stock!!!!!
SiripiVenu
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.
SiripiVenu
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.