Voltas

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Voltas is showing early sign of higher bottom formation and may eventually give a double bottom breakout in coming weeks.
Stock is trading around 61% retracement level of Covid low to ATH run up and has previously given a falling wedge breakout around it in Jan.
After giving a decent run up from there it has retraced back and has now been at fibo support zone along with a long term trendline support,
So a confluence of support zone.
In previous week it has made a inverted bullish pinbar and current weekly candle is showing a sign of reversal around it.

Overall setup looks quite spicy and is very similar to early higher bottom catch which I had shared some time back in Bajfinance.

Link to that idea is available in Related idea section.


註釋
VOLTAS is now talk of the town :)
註釋
VOLTAS 980++
交易結束:目標達成
Voltas hits fresh ATH :)
Chart PatternsTechnical IndicatorsTrend Analysisvoltas

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