The ‘VOLTAS’ Stock Trend Prediction

In our last analysis on this stock, we predicted, that stock has reached its Bounce/Reversal area, & we got the excellent Entry on 29th Jan, when the stock made the low of 528.50 & from there, it zoomed all the way to 557.70 levels, which is nearly 5% gain.

The ‘VOLTAS’ Stock Trend Prediction

Now, the stock is approaching Resistance area where we may see a pullback. If it successfully goes past above that resistance area, then the more strength in present up-swing will be seen & then buy on dips will be an excellent approach & if it fails, to cross that resistance area then again it can witness lower levels.

In the above chart, I have tried to show you the same by marking a zone, as the actual method, has not been displayed due to security purpose.

As this is the multi-dimensional view & presentation of analysis, I will make another post & update on this, if we get a breakout from the resistance area.

559-566 will be a critical area to watch out, as close above that can show the levels near 585/600.

Note: Above mention price projection & other Information are for educational purpose only.

About the author

Divesh Jotwani is a full-time trader in the Indian stock market. He has spent over 20+ years researching and discovering WD Gann's methods and applying them day-in and-out markets.