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Voltas has been witnessing price fluctuations in the past month (Feb 2018) and the prices have tested it’s recent support zone (550-560)twice in the past month. And every time it as tested the support zone it has bounced back pretty strongly. Also we can notice good volumes during the recent upswing, which shows strong presence of buyers good fight is taking place between the buyers and the sellers.
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Yes Mitesh, Voltas : Double Bottom convinced again as RSI is showing bullish divergence.Volume is high when it is tested the support level at the second time and it is too high when it reached the supply zone.The support zone is tested within a gap of nearly twenty days.Long positions can be considered above the higher high of the candle.
Great job !!
Thanks lata.. nice to have a reconfirmation from co-participants 🙂