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.Note
Time to enter again for the next swing. Targets 910 and then 960. 5-10% from the cmp. SL 851 Daily closing basis.
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