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* On a daily chart, the stock has faced resistance of its upper band of Triangle formation which indicates a weakness in the counter.
* Moreover, the stock has started to trade below its 100 Days Moving Average which shows a negative rhythm in the counter.
* On an hourly chart, the stock is on a verge to give a breakout of its Neckline of Head & Shoulder formation which is a Bearish Reversal formation and suggests a southward movement.
* A daily momentum indicator RSI reading is at 45.80 level with a negative crossover which points out for a negative breath in the counter.
* Based on the above technical structure, we are expecting a downside movement in the counter in a few trading sessions.
Sell Voltas Ltd @ 588.00-590.80 Stop Loss 608 Target 550
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