Voltas Ltd – Steady Recovery Setup After Multiple Shakeouts

Voltas Ltd – Steady Recovery Setup After Multiple Shakeouts

VOLTAS

📈 Pattern & Setup:

Voltas has been building a strong base for several months after a prolonged downtrend. The stock faced multiple shakeouts below 1400 levels, but each dip was followed by quick recoveries — a classic sign of accumulation.

The price has now reclaimed all key moving averages and is trading above the 200-day EMA for the first time in months. This transition from distribution to accumulation is being confirmed by steady volume expansion and higher pivot lows.

A breakout above 1465–1475 could trigger a sustained move toward 1800+.

📝 Trade Plan:

✍Entry: Above 1475 (breakout confirmation)

🚩Stop-Loss: 1400 (below recent pivot low)

🎯Targets:
Target 1 → 1630
Target 2 → 1835 (27% potential move)

💡 Pyramiding Strategy:

1. Enter with 60% position above 1475
2. Add remaining 40% above 1500 once volume confirms breakout
3. Trail stop-loss to 1430 once price sustains above 1580

Keep Learning. Keep Earning.

Let’s grow together 📚🎯

🔴Disclaimer:

This analysis is for educational purposes only. Not a buy/sell recommendation. Please do your own research or consult your financial advisor before trading.