VOLTAS - SHORT - 8 to 10% downside potential
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.
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.
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