NSE:VOLTAS
Observations:
1) On Daily Time frame you can see that it has taken good support from 1010 level and blasted from it with good bullish candle.
Please refer below chart : Daily time frame.
-------------------------------------
For POSITIONAL trade one can take long position from CMP as well as any dip above 1010 level will be good buying...
#banknifty view for 2nd Sep'21 #expiry
The first word that comes to my mouth is the FOMO effect followed by perfect hammering.
Bearish PIN Bar on the daily chart and can be the nail in the coffin for the bulls.
Check 19th Feb'21 daily chart and followed up selling, pls check on the chart.
If I am right, ABC correction in progress, downside targets 100%, 138% &...
#banknifty view for 1st Sep'21
Elliott Wave expanding triangle:- The pattern emerges normally between one rising and one falling diverging line. In this situation, it is a continuation pattern and is merely an inverted standard triangle.
Wave 5 ( 100% is 36,452 / 127.2 % is 36,749 / 138.2% is 36,869 / 150% is 36,998 / 168% is 37,127)
Reserved area can be ABCD...
#banknifty view for 31th Aug'21
All of a sudden everything looks rosy, all DMA & all indicators are in buy mode & higher time frame breakout!!!
PCR is 1.34 for bank nifty, still, it can go to 1.5 to 1.6.
Wave 5 ( 100% is 36,452 / 127.2 % is 36,749 / 138.2% is 36,869 / 150% is 36,998 / 168% is 37,127)
Reserved area can be ABCD pattern which comes around 36,749...
NIFTY next level target, hi friends welcome to tmw share today we will be posted next level of nifty levels because Nifty e is rally base rally should be continue next target will be 17520k
Chart Structure:
- Price came out of Darvas Box consolidation on 17th August.
- Consolidation was happening from May to August.
- After the Range breakout, the price took a little pullback.
Volume & Deliveries:
- During the consolidation phase, many days with positive volume activities were witnessed.
- Average Deliveries were 10.79 lac shares per day before...
![VOLTAS: Simple Trade Setup | Voltas | 02-09-2021[positional & intraday]](https://s3.tradingview.com/q/Q3m3pxab_mid.png "Simple Trade Setup | Voltas | 02-09-2021[positional & intraday]")
