VOLTAS - SHORT - 8 to 10% downside potential

27 thg 7, 2022

VOLTAS has given a channel breakdown and heading towards 850 and below (positional view). 930 is a huge support level, if broken then fast move can be expected below this level. However please not this is good fundamental stock and would become a good buying opportunity anything in the range of 900-850 levels and can expect sharp pullback.
Wave analysis: looks like it has broken the 4th wave down and we are into 5th wave, once the 5th wave is completed at around 850 levels, the bounce will be sharp.