Voltas: Ascending Base → Range Breakout Trigger ⚡📈

Timeframe: Weekly Current Price: ~₹1,528 Structure: Ascending Accumulation + Horizontal Resistance Break 🔹 Structure Overview Voltas corrected sharply from ~₹1,950 into ~₹1,150 in early 2025. After that, price formed: Higher lows (ascending trendline visible) Flat resistance around ₹1,520–1,550 Tight consolidation near the top of range This is a classic ascending triangle / compression breakout setup. Now price is closing at the upper boundary of the range. 🔹 What Makes This Bullish? Higher lows into resistance → pressure building No lower lows since Feb 2025 Strong bullish weekly candle (~6–7%) Breakout happening after long base (12+ months) This is absorption of supply, not random volatility. 🔹 Elliott Wave Context Major rally into 2024 = Wave (1) Sharp correction = Wave (2) Current structure likely beginning of Wave (3) If this is Wave 3, it can extend meaningfully beyond prior highs.