VOLTAS weekly technical analysis by Elliott Wave theory &NEO

10 Jun 2023

I am trying to analyzing of VOLTAS stock through Elliott wave theory on weekly basis. Since march 2022 marked as low & completed 8 wave (5 Impulse + 3 Corrective). Hence seems this chart Voltas on present consolidation phase it means BIG person on buying on intrinsic value & to be making Ist wave of Impulse. first wave may in triangle pattern or some other wave. Although at present time taking is more as previous wave. means it may coming soon in UPTREND.