Voltas Technical + Fundamental Setup

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Voltas Technical + Fundamental Setup

After correcting nearly 40% from its peak, itappears to have completed a base formation and is now attempting an upside breakout from a consolidation box. This structure suggests renewed momentum, with a potential move towards a fresh ATH

Upside Potential: From current levels around ₹1,484, the setup indicates a ~30% rally if the breakout sustains.

Business Strength:

• Market leader in air-conditioners & consumer durables
• Strong presence in MEP & EPC HVAC projects
• Exposure to industrial engineering (textile & mining)
• Growth lever via Voltas Beko JV in home appliances

Conclusion: A classic post-correction base + breakout attempt aligned with a fundamentally strong franchise.

Investors & traders: Keep the stock on radar and trade strictly as per your system and risk framework.

Nishesh Jani,CFTe

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