The stock price is trying to come out of a 7 months consolidation period. It appears to be ready for next leg of rally.
The analysis is done on daily TF hence price may take few days to few weeks in order to reach the targets.
Trade setup is explained in image itself.
Another way to analyze such formation is shown in the below image - do check it out as well.
VOLTAS can be a good bet for medium to long term investment as well.
The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade.
Checkout my other ideas to understand how one can earn from stock markets with simple trade setups.
Feel Free to connect with me on any of my handles for any query or suggestion regarding this stock or Price Action Analysis.
The analysis is done on daily TF hence price may take few days to few weeks in order to reach the targets.
Trade setup is explained in image itself.
Another way to analyze such formation is shown in the below image - do check it out as well.
VOLTAS can be a good bet for medium to long term investment as well.
The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade.
Checkout my other ideas to understand how one can earn from stock markets with simple trade setups.
Feel Free to connect with me on any of my handles for any query or suggestion regarding this stock or Price Action Analysis.