VOLTAS due for CORRECTION or NEXT LEG UP
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VOLTAS is making a rising wedge pattern.
The obvious move will be a break down of the wedge as suggested by the Divergence on RSI.
Since price is moving up but momentum is slowing, a correction is expected.
This is a short term market move and post a 3-5% correction, stock will continue it's uptrend or go into consolidation.
Short below 820.
Target 1- 800
Target 2- 784
STOP- 830
NOTE:- Trade at your own risk.
The obvious move will be a break down of the wedge as suggested by the Divergence on RSI.
Since price is moving up but momentum is slowing, a correction is expected.
This is a short term market move and post a 3-5% correction, stock will continue it's uptrend or go into consolidation.
Short below 820.
Target 1- 800
Target 2- 784
STOP- 830
NOTE:- Trade at your own risk.
Trade attivo
Trade chiuso: obiettivo raggiunto
Correction in markets fueled the move. Target 2 hit.
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