Voltas Shares Set For Breakout: SEBI RA Krishna Pathak Sees Potential For Strong Upside Above ₹1,270

The stock is trading near key support levels between ₹1,212–₹1,180, which align with the trendline and EMA bounce zone, making it an attractive entry point for investors.

Voltas shares are currently exhibiting a strong bullish structure, according to SEBI-registered research analyst Krishna Pathak. 

The analyst highlighted that the home appliances maker’s stock is supported by an upward trendline, indicating a potential continuation of the upward momentum. 

At the time of writing, Voltas shares were trading at ₹1,239.90, down by ₹4.10 or 0.33% for the day.

The breakout pattern is confirmed by higher highs and higher lows, which suggests that the stock could continue its positive trajectory.

Pathak pointed out that key support zones for Voltas are between ₹1,212 and ₹1,180, which align with the trendline support and the EMA bounce zone. 

These levels are seen as potential buy zones for investors looking for a favorable entry point.

On the resistance front, Pathak noted immediate resistance levels near ₹1,254–₹1,256, with a more significant resistance range at ₹1,265–₹1,270. 

A sustained breakout above ₹1,270 would signal further bullish potential, with an increased probability of a fresh upside move.

The analyst emphasized that volume plays a crucial role in confirming the breakout, with increasing volume above ₹1,270 seen as a key signal for a sustained upward move.

On Stocktwits, Sentiment was ‘bullish’ amid ‘high’ message volume.

Shares of Voltas have fallen 32% so far this year.

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