Price action of voltas daily chart shows bearish engulfing pattern formation at the critical resistance level. We can go for short at the price of 334 with targets 320 and 310. I wont enter this trade till nifty is bullish.
Commentaire:
Voltas was having resistance around 348-351. Price reached 351 then formed a bearish pin bar, raising wedge pattern which is a indication of price reversal. Price fall to 320 and took support to bounce back.
