Voltas Ltd (NSE: Voltas) organized a great return, as it erupted from its lowest levels and its six -day winning series extends. It is currently trading about $ 1,409.55, and the arrow has built a strong upward momentum, approaching the main resistance level in the amount of $ 1,422.00. Voltas proves its strength in a volatile market with the renewed investor confidence and favorable sector expectations.
Technical analysis: main support and resistance levels
Prices of decisive price to watch:
- Immediate resistance: $ 1,422.00 – a successful outbreak can open for other gains.
- The main resistance: 1,556.65 dollars – the bulls will need to push this level for the continuous upward trend.
- Critical resistance: 1,627.40 dollars-long-term goal if the momentum persists.
- Immediate support: 1,264.55 dollars – keeping this level will be very important to maintain the upward trend.
- Main support: $ 1,186.95 – a break below may indicate a reflection of the direction.
What drives the last Mars in Voltas Ltd?
- Consumers’ strong demand: seasonal trends and increased spending on cooling products enhances expectations for the upcoming Voltas profits.
- Institutional purchase: Big investors collect positions, indicating long -term confidence in Voltas.
- The momentum at the sector level: Consumer space is witnessing the increasing activity, as market leaders such as Voltas benefit from it.
Conclusion: Is there more fuel remaining in this gathering?
With strong prices and increasing purchase benefits, Voltas LTD is in a good position to make more gains. The decisive step of more than $ 1,422.00 can pay about $ 1,556.65, while getting the main support at a price of $ 1,264.55 is very important to maintain the upscale momentum. Traders should see the size of the size and the broader market signs to determine whether this gathering has more space for operation or if the decline is on the horizon.
