Timeframe: 4h
NSE VOLTAS has formed a new wave cycle starting from the low of 745. The Relative Strength Index (RSI) currently stands at 63.19, and the Average True Range (ATR) of the price is 10.
According to the chart analysis, wave ((A)) has been completed at 914.5, and wave ((B)) unfolded at 806.7. It appears that the security is in the process of developing an impulsive wave labeled as ((C)), with its sub-waves becoming Visible. The price has recently broken out of a deceleration channel. Should the price maintain levels above 840, traders may consider buying with the following targets: 860 – 880 – 904+.
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