A typical structure is formed on Voltas today. The stock has closed above its earlier top. The earlier top is marked with a black arrow on chart. This hints us at a change in trend from current down trend to an uptrend for short term.
Increase in volumes hinting at an increased buying in this stock.
Entry in the stock to be managed properly as a small pullback can not be denied from current levels.
The upcoming resistance areas are marked with red line on chart.
Disclaimer: The contents produced here are purely for educational purpose. They should not be construed as buy/sell recommendations. I am not a SEBI registered Analyst or Investment Advisor. Readers are advised to consult their Investment advisor before taking any decisions based on above write-up.
Increase in volumes hinting at an increased buying in this stock.
Entry in the stock to be managed properly as a small pullback can not be denied from current levels.
The upcoming resistance areas are marked with red line on chart.
Disclaimer: The contents produced here are purely for educational purpose. They should not be construed as buy/sell recommendations. I am not a SEBI registered Analyst or Investment Advisor. Readers are advised to consult their Investment advisor before taking any decisions based on above write-up.
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