Voltas Ltd. engages in the provision of engineering solutions. After a consolidation of 6 months, it has given breakout of weekly and daily timeframe trendlines with good volume. It has tested it's nearest supply and formed indecision candles. On weekly timeframe the running candle is healthy and if tomorrow price sustain at same or higher levels, it will confirm the beginning of it's upside journey.
Agressive traders can buy at CMP or near 790 and safe traders can wait tomorrow for weekly candle closing and can buy on Monday if weekly candle is healthy. SL will be swing low.
Follow your risk management.
Happy trading :)
Agressive traders can buy at CMP or near 790 and safe traders can wait tomorrow for weekly candle closing and can buy on Monday if weekly candle is healthy. SL will be swing low.
Follow your risk management.
Happy trading :)
Trade active:
This stock started moving upside and rose 2.5% today. It has closed a healthy weekly candle, so safe traders can enter in this trade with proper risk management.
Comment:
Voltas made a high of 851.80 which is very very close to the 1st target. Those in position can book some profit here and can trail for the next targets.
Trade closed: target reached:
Today it made a high of 857.55 and hit our first target. Those in position can trail for the next targets keeping SL CTC.