Voltas Mid Term View - Double Bottom
Updated
Voltas is reversing from the 61.8% Fibonacci Retracement levels of the previous swing in Monthly Timeframe with a Double Bottom and Bullish RSI Divergence which is a very Bullish pattern.
Daily timeframe shows a price compression too.
Once the Monthly candle crosses above the Trendline, can look for the marked SUPPLY LEVELS as target levels. Bottom fishing with small SL!
Daily timeframe shows a price compression too.
Once the Monthly candle crosses above the Trendline, can look for the marked SUPPLY LEVELS as target levels. Bottom fishing with small SL!
Trade closed: target reached
5% ROI post the monthly close as expected.Comment
Time to enter again for the next swing. Targets 910 and then 960. 5-10% from the cmp. SL 851 Daily closing basis.Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.