Voltas recently broke a trendline.
And it has been a range for some months if it breaks and sustains above it we can go long.
I'm taking an entry at 825 SL 787.
Watch out for 200 EMA which can act as a resistance breaking that can be another confirmation of this swing trade.
if it takes rejection from the 200 EMA trail your SL or book your profits.
For more...
PEL is following a trendline if we break that then we can go positional in this.
And if you zoom in then you can see its consolidating in a range for some days.
And its trying to move above 50 EMA which is 847 a strong resistance.
So how can we trade this ?
* Wait for a breakout in daily time frame or hourly enter after the breakout
* First target will be 879...
Banknifty has formed an inverted head & shoulder which is a bullish sigh
42683 is the first resistance which is also a pivot break of this will give us the target of
42930 which is a resistance we need to watch out
