Trading_hawk

Simple Trade Setup | VOLTAS | 11-08-2021

Short
NSE:VOLTAS   VOLTAS LTD
NSE:VOLTAS

On 10-08-2021, on daily time frame it has broken and closed below 100DMA. 100DMA is placed at 1009 level range.

Please refer below daily chart .


Trade Setup for 11-08-2021.

Any Resistance at any level till 1009/1010 will be opportunity for short trade. VOLTAS will remain weak below 1009 level.

Chart and levels are easy to understand.

Do comment your doubt or suggestion.

My personal view is bearish until it trades below 1010 level.

Trade with strict SL.

All the best.

Comments

oh my greatness all targets hit. I dont know how you pick stocks based on your strategy. Stock selection is most crucial thing for any trade. Because when I tested strategies from public library we should apply different settings for different stocks and different time frames. But you found one golden strategy and applying on all stocks. I too fell love with support resistance from a month and was doing using range filter and support and resistance also ma 99% accurate that's the power of support and resistance.

Keep up your effort my dude...
+1 Reply
Trading_hawk vardhan488286123
@vardhan488286123, Thank you.
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Good Recovery made from the bottom.

For Safe buy position better to take it once 1010 level breakout. Below 1010 it is still weak.

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If it breaks 961 in then the next ultimate target will be 955
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