Kinnari_Prajapati
Long

Trade SETUP for VOLTAS

NSE:VOLTAS   VOLTAS LTD
Voltas has formed 8 waves channel (value area) with control price.
The current price is trading at 653 and major resistance are 665 nearby and 636 nearby, the calculation of far;

Major R. 665 - Major R. 636 = 31 / 2 = center 15.5

Trade SETUP,
Plan A: Buy this stock above 665 if close
Plan B: Buy at the value low 636 nearby

Both trade-plans has the same target 675 to 696.25.

To verify if your trade is correct, the stock should be going up/ down by more than 17 points in one day.
Trade closed: target reached
Trade closed: target reached

Comments

Hey Kinnari !
I wanted to ask on what basis do you set your control price to achieve your target ?
I'm new and wanted to know about entering and exiting a trade.
Thanks :D
+4 Reply
Kinnari_Prajapati Aditya_Singh21
@Aditya_Singh21, it's a gravitational area where price attract more and more.
Reply
late to enter now, will have to wait for ur next call
+3 Reply
@amitmargaje, yeah.
Reply
Super Awesome
+1 Reply
@arijeet_93, thank you.
Reply
yes target achived thanks
+1 Reply
@vakertund, thanks
Reply
Great Voltas analysis. Your Long Thesis worked well!
+1 Reply
Thanks for such chart presentation.
+1 Reply
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