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.
Trade fechado: objetivo atingido
Target met. Reached target of 1125. CMP 1083977 -> 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.
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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.