Voltas

Date 27.11.2024
Voltas
Timeframe : Day chart

Remarks :
1 Bearish crossover between 20 ema & 60 ema
2 Breakdown of symmetrical triangle followed by bearish crossover mentioned above
3 Might test 200 ema falling in accumulation zone as highlighted
4 Trading below ichimoku cloud followed by negative crossover & flat future kumo
5 Flat future kumo is sign of resistance
6 In winters seasonal business is generally low compare to summer sales for Voltas
7 Buy : either breakout of kumo or resume of symmetrical triangle
8 Buy : either it touch down 200 ema
9 As of now weak set-up

Regards,
Ankur