In north, hot summer is breaking records everyday and sale of AC is also going to break all records in coming days. Voltas has corrected sharply in recent past, it has completed 138.2% Fibonacci retracement of its recent move from 552 to 665.Stock is trading at lower range of bolinger band. Stock has formed doji on daily as well as weekly charts and weekly RSI is around 20.
All this makes Voltas an interesting short term bet with stop loss below 495 which is 38.2% retracement of its entire move from 211 to 675 in last 2-3 year.
All this makes Voltas an interesting short term bet with stop loss below 495 which is 38.2% retracement of its entire move from 211 to 675 in last 2-3 year.
