VOLTAS Ltd. is an interesting chart to keep on radar with following 1. RSI on all time frames above or almost at 60
2. Flag Pattern under formation at weekly chart
3. Price earlier was forming lower highs and lower lows; However after 16th December it started forming higher high and higher lows
4. ABCD pattern under formation on weekly chart
5. Weekly green candle on close of week with higher volume
6. Consumer Durable index is also forming similar bullish structure on charts
Will it breakout or continue its consolidation ?
Lets See How it Evolves.
Disclaimer: NOT A BUY / SELL RECOMMENDATION I am not an expert I just share interesting charts here for educational purpose and not to be taken as buy/sell recommendation. Please seek expert opinion before investing and trading as trading/ investing in market is subject to market risks. I do not hold any position in the stock as on date but I may look to take some position with my own Risk Reward matrix.
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Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.