Monday, November 25, 2013


Voltas Limited:
In the price history, we can clearly spot the 5-wave motive Elliott pattern, which brings the anticipation of the 3-wave corrective pattern in near future. Therefore, the stock may fall quickly to level of 80(i.e. 50% retracement to the pattern). But if the stock manages to climb above the resistance at 93.5 with good  resistance, it may resume its uptrend.

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