Voltas trade for 2-3 months. Since this chart has taken dynamic support from the below trend line since long, so it will be difficult for it to go down. Also next month CPR is an ascending CPR so if the price sustains above the next month CPR and 200 EMA then once it breaks it swing high you can go long on it. But go long only after 1064 because if it breaks the support line and then goes below the 200 EMA then bears can come into the action.
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Voltas has been activated at 1063 levels. Voltas is up by 4.9% since the trade was given. But the conviction was at 1063 levels. So hold the trade for at least the first target that is 1125 and then later targets will be updated since 1125 is its all time high. This is the power of price action.
Giao dịch đang hoạt động:
Safe traders can wait for a pullback for the rally to continue