Voltas has been in a correction since Jan 2018 and has
taken a shape of a Flat (which divides A-B-C waves) . Stock has completed wave
A and Wave B and is currently trading in last leg of wave C which has taken a
shape of an Ending Diagonal.
I expect stock to have complete wave C correction at 494 levels being 138.2% extension of wave A and strong support from a
downward sloping channel.
And Long term uptrend in stock should resume from 500 levels taking stock price to higher levels of 580/660 in next 6-12 months
Buy Voltas in range of 500-505 for the upside of 580/660 and a stop loss of 475.
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