VOLTAS – Support Touch Inside Rising Channel | Bounce Setup

il y a 3 jours

Description

VOLTAS has been moving inside a rising channel for several months — creating higher highs and higher lows.
Both the top and bottom trendline's are respected multiple times (marked by circles), proving this channel is valid and strong.

Recently:

The stock fell from the top of the channel

Came down and touched the bottom support line again (blue circles at lows)

That support has always given a bounce previously
→ so buyers may step in again here

Also, a small falling channel has formed inside this bigger up-channel.
Price is now breaking out of that smaller falling channel, which hints at a possible bounce start.

avant-hier

Transaction en cours

Voltas +2%

Price Action always tells the truth.
Trust the structure, not emotions.

il y a 20 heures

Trade fermée: cible de profit atteinte

Voltas +3%up

Hope you guys utilized this stock!!!!!