VOLTAS – Fresh Momentum Seen After Breakout from Range

VOLTAS – Fresh Momentum Seen After Breakout from Range
CMP ₹1294.20 | Time Frame: 5-min | Date: June 17, 2025

📊 Chart Summary:
Voltas has broken out above its recent resistance zone near ₹1280 on rising volume.
Price action shows strong higher highs & higher lows, confirming bullish momentum.
A healthy intraday consolidation around ₹1290–₹1295 suggests strength and buyer interest.

🔍 Technical Levels:
Immediate Resistance: ₹1305–₹1312
Support Zone: ₹1278–₹1285 (previous resistance → new support)
Volume Surge: Confirms buying participation on breakout

🎯 Trade Setup:
✅ Buy on Dips Around: ₹1288–1292
→ Target 1: ₹1305
→ Target 2: ₹1320
→ Stoploss: ₹1275

❌ Avoid Shorts Unless: Price falls below ₹1270 with volume

🧠 Bias: Bullish Continuation
📈 Momentum Score: 75%
⚠️ Look for follow-through candles and volume > 5-min avg

🔧 Voltas looks primed for short-term swing towards ₹1320+ if ₹1305 is crossed with strength.
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