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reshmi_chauhan1
May 19, 2020 7:38 AM

Voltas EWT, Weekly TF. & Hourly TF. Short

NSE:VOLTAS1W
VOLTAS LTDNSE

Description

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Elliott Wave footstep for Voltas:

Validation:
  • W2 & W3 corrective
  • W2 retraced at 50% exact
  • W3, price extended 161% compare to W1.
  • The Corrective W4 traveled in rage between 38.2 and 50%.
  • W5 exactly was normal.


The price is under the waves a,b, and c correction.
Support 408, can push price up-to 492 and 530+ for corrective wave 'b'.

1 hour chart:



Loot up "EW Theory" for hourly TF.
398-408 is target for short sellers

Support 400 nearby to push price upside 458 nearby.
Elliott WaveParallel ChannelvoltasVOLTAS-TRADEvoltas-chartvoltas-intradayvoltas-tradingVOLTAS-NSEVOLTAS-TIPS
Comments
arasan8080
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Mam,
Better wait for 400 for fresh buy.Thanks
reshmi_chauhan1
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@arasan8080, welcome, wait for the entry point
UnknownUnicorn5245909
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@arasan8080, yepppp
UnknownUnicorn5245909
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Thank you for sharing
I checked Extention of wave 3 so I had expected 5th motive wave as normal wave. We missed opportunity for sell at 5th wave...
I am waiting for B the pull back point. So I will short it but now I think should wait for new cycle
..
As usual I will buy 50% or 61.8% of wave 2.
If wave 1 will not be extended..
And hope to see more then 161.8 % travel.
Thank you again for information!
But still hope at intraday chart for long at wave 5
reshmi_chauhan1
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@Riya_roze, welcome dear, It is never too late to do trading so keep patience.
UnknownUnicorn5245909
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@reshmi_chauhan1,
Thank you for hrs chart. I can long this position for intraday....
zartajshaikh
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@Riya_roze, so you are an investors.?
UnknownUnicorn5245909
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@zartajshaikh, well I am very small trader..
HarshitGandhi96
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Please post fresh update on Voltas
1f36f1a14be1481b82128ceb41e95f
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Nice work mam thanks.
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