Voltas - Falling wedge + Bullish market structure

30 May 2021

The price was forming a falling wedge pattern but broker out of the wedge and formed a Higher high. As can be seen from the current market structure, Voltas is in an uptrend. The price formed a hammer candle on the 200 moving average and bounced back. The 200 SMA has acted as good dynamic support in the past, as has been highlighted by the green circles.

Targets: 1033, 1084, 1131

You are always advised to use an appropriate Risk-Reward ratio as per your strategy.

P.S: This is NOT investment advice. This chart is meant for learning purposes only. Invest your capital at your own risk.

5 Haz 2021

İşlem kapandı: hedefe ulaştı

11 Haz 2021

Not

All targets reached. ✅✅

12% in 5 days! 🚀🚀