Monday, November 25, 2013

VOLTAS


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.
(suggestion: http://www.moneycontrol.com/news/stocks-views/short-voltas-advises-shardul-kulkarni_993776.html)

Subscribe through e-mail to stay updated

No comments:

Post a Comment