Is This the Right Time to Accumulate Voltas for a Mid-Term Rall?

This weekly chart of Voltas Ltd (NSE: VOLTAS) suggests a potential recovery phase after a prolonged downtrend, with key technical levels being tested.

Key Technical Highlights:
• 🟩 Current Price: ₹1,319.90, noticeable volume spike.
• 📏 Resistance Ahead: ₹1,357 — a historic level from 2021, now acting as a critical resistance zone.
• 📉 Life High: ₹1,945 remains the long-term target in case of sustained uptrend.
• ⚙️ RSI Indicator: At 45.95, RSI is neutral but showing early signs of momentum.
• 🔄 Chart Pattern: Recent breakout from tight consolidation, along with increasing volume, could be an early sign of trend reversal.

Investors may watch closely how the price reacts near ₹1,357 — a breakout above could trigger a fresh bullish wave.

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Analysis By Mayur Jayant Takalikar --For
LEARNING & OBSERVATIONAL USE ONLY.


⚠️ Disclaimer:

I am not a SEBI-registered investment advisor.
The analysis is purely for educational and informational purposes. This is not a buy/sell recommendation. Always consult with a certified financial advisor before making investment decisions. Stock market trading involves risks — do your own research.