VOLTAS BEARISH FLAG SELL"VOLTAS LTD (NSE: VOLTAS) is showing a potential bearish pattern on the 30-minute timeframe. After a significant downtrend, the stock formed a rising wedge pattern, which is typically considered a bearish continuation pattern.
Key observations:
A sharp decline from around 1910 to 1840 levels.
Formation of a rising wedge pattern, characterized by higher lows and higher highs, but with converging trendlines.
The stock price has just broken below the lower trendline of the wedge, suggesting a potential continuation of the downtrend.
The breakdown from the rising wedge suggests a possible bearish move. The next significant support level appears to be around 1836.05, which is marked as the 'Low' on the chart.
Voltas
VOLTAS - Ichimoku Breakout📈 Stock Name - VOLTAS Limited
🌐 Ichimoku Cloud Setup:
1️⃣ Today's close is above the Conversion Line.
2️⃣ Future Kumo is Turning Bullish.
3️⃣ Chikou span is slanting upwards.
All these parameters are shouting BULLISH at the Current Market Price and even more bullishness anticipated AFTER crossing 1922.
🚨Disclaimer: This is not a Buy or Sell recommendation. It's for educational purposes and a guiding light to learn trading in the market.
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Voltas Limited - Breakout Setup, Move is ON...#VOLTAS trading above Resistance of 1561
Next Resistance is at 2241
Support is at 1248
Here are previous charts:
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
VOLTAS for 1590+Voltas Limited is an Indian multinational home appliances company. It designs, develops, manufactures and sells products including air conditioners, air coolers, refrigerators, washing machines, dishwashers, microwaves, air purifiers, water dispensers. Voltas is India's largest air conditioning company by market share.
as I go through its quarterly results it seems to be a good number and chart is also looking good.
So, I am supper bullish on Voltas for upcoming weeks as Voltas has recently given breakout and waiting for his confirmation.
CMP: 1565
SL: 1520- 1525
T1: 1590
T2: 1610
Note: This is not stock recommendation it is only for educational purpose.
Consolidation Breakout - VOLTAS📊 Script: VOLTAS
📊 Sector: Consumer Durables
📊 Industry: Air-conditioners
Key highlights: 💡⚡
📈 Script is giving consolidation breakout on daily chart.
📈 One can go for Swing Trade.
⏱️ C.M.P 📑💰- 1594
🟢 Target 🎯🏆 - 1668
⚠️ Stoploss ☠️🚫 - 1566
⚠️ Important: Always maintain your Risk & Reward Ratio.
✅Like and follow to never miss a new idea!✅
Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
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Happy learning with trading. Cheers!🥂
VOLTAS - Price Analysis & Overview | Bullish1. Clear BO and retest done and now already near tp1
2. I'm not interested in any new entry as RRR is not favourable.
3. It can continue to run to hit the above marked tp points.
- Stay tuned for further insights, updates and trade safely!
- These are my personal views.
- If you liked the analysis, don't forget to leave a comment and boost the post. Happy trading!
Disclaimer: This is NOT a buy/sell recommendation. This post is meant for learning purposes only. Please, do your due diligence before investing.
Thanks & Regards,
Anubrata Ray
Voltas: Bullish Momentum Continues, Potential Breakout Above 139The journey of Voltas since December 2023 has been nothing short of impressive, with a significant uptrend propelling its price from 900 levels. As it approaches the crucial resistance zone around 1400, traders are eagerly anticipating a potential breakout.
The recent bullish momentum suggests underlying strength in the stock, but caution is warranted at these levels. While the upward trend is intact, the resistance around 1400 could pose a challenge.
Traders should closely monitor price action, looking for confirmation of a breakout above 1395. A decisive move above this level could signal a continuation of the upward trend and offer compelling trading opportunities.
Additionally, keeping an eye on key support levels and employing risk management strategies are essential to navigate the market volatility. Stay vigilant and adaptable to capitalize on potential opportunities while mitigating risks.
Voltas Voltas is showing early sign of higher bottom formation and may eventually give a double bottom breakout in coming weeks.
Stock is trading around 61% retracement level of Covid low to ATH run up and has previously given a falling wedge breakout around it in Jan.
After giving a decent run up from there it has retraced back and has now been at fibo support zone along with a long term trendline support,
So a confluence of support zone.
In previous week it has made a inverted bullish pinbar and current weekly candle is showing a sign of reversal around it.
Overall setup looks quite spicy and is very similar to early higher bottom catch which I had shared some time back in Bajfinance.
Link to that idea is available in Related idea section.
VOLTAS HAS MORE STEAM LEFT FOR MORE UPSIDEVoltas has good support zone around 1035 - 990 and until this is holding we expect to see another upmove towards 1250 - 1300 zone.
Please like the idea If you agree with the analysis, your like will motivate us to share more ideas on Tradingview.
Happy Trading!
InvestPro India
VOLTAS - Ichimoku Breakout📈 Stock Name - Voltas Limited
🌐 Ichimoku Cloud Setup:
1️⃣ Today's close is above the Conversion Line.
2️⃣ Future Kumo is Turning Bullish.
3️⃣ Chikou span is slanting upwards.
All these parameters are shouting BULLISH at the Current Market Price and even more bullishness anticipated AFTER crossing 1152.
🚨Disclaimer: This is not a Buy or Sell recommendation. It's for educational purposes and a guiding light to learn trading in the market.
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Voltas moving in green. Intraday trade for 01/02/24.Voltas on the daily close has given a break out of the resistance zone around 1050-60.
It made a base around the 20 DEMA and given a nice move with good volumes.
Bullish entry can be made in the stock for positional trade for a ultimate level fo 1230.
Intraday entry with 1140 as target can be initiated and a stict SL should be kept as tomorrow is budget.
Target :- 1140, 1230
Support :- 1082, 1055
Enty :- Starts trading above 1095 levels.
Crossing the resistance level of 6 month can give some buying momentum.
Wait for the price action near the levels before entering the stock.
VOLTAS - Ichimoku Breakout📈 Stock Name - VOLTAS Ltd
🌐 Ichimoku Cloud Setup:
1️⃣ Today's close is above the Conversion Line.
2️⃣ Future Kumo is Turning Bullish.
3️⃣ Chikou span is slanting upwards.
All these parameters are shouting BULLISH at the Current Market Price and even more bullishness anticipated AFTER crossing 1093.
🚨 Disclaimer: This is not a Buy or Sell recommendation. It's for educational purposes and a guiding light to learn trading in the market.
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#IchimokuCloud
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Falling Trendline Breakout & Double Bottom Pattern in VoltasHello Traders, i have brought another analysis on a pattern breakout which called (Falling Trendline Breakout & Double Bottom Pattern Breakout). Well i have marked and written most of the things on chart, but still i am gonna to teach you here guy's about this pattern so if you see this next time, at least you guy's will be able to trade. So Let's start:-
Q:- What is Double Bottom?
Rahul:- It is a Bullish reversal pattern that appears after a defined downtrend and signifies a meaningful reversal on completion of the pattern. This Pattern is easy to spot on chart. It resembles with English letter "W". This pattern shows that sellers have lost the battle and the price is likely to go up from here on.
Now, a long entry could be taken once the price breaks the neckline o the upside, but guy's here we have not seen proper neckline breakout, But still momentum is bullish from here, so in the anticipation of neckline break, we have taken our best entry in the range of 880-850, and we have kept our stop loss at 778.
Guy's so this was the Double bottom pattern setup. So if you see this type of pattern in any stock you can trade now accordingly.
So now let's focus about company background.
Voltas is engaged in the business of air conditioning, refrigeration, electro - mechanical projects as an EPC contractor both in domestic and international geographies (Middle East and Singapore) and engineering product services for mining, water management and treatment, construction equipments and textile industry.
Market Cap
₹ 28,789 Cr.
Current Price
₹ 870
High / Low
₹ 994 / 737
Stock P/E
87.1
Book Value
₹ 165
Dividend Yield
0.49 %
ROCE
9.74 %
ROE
4.42 %
Face Value
₹ 1.00
Debt
₹ 651 Cr.
EPS
₹ 4.70
PEG Ratio
-5.52
Promoter holding
30.3 %
Intrinsic Value
₹ 126
Pledged percentage
0.00 %
EVEBITDA
42.8
Important levels for Voltas Ltd.
Buy in between 880-850.
Targets we can see 1047/1332/1460+
Keep Stop loss at 778
Price is above 200 EMA( Even we got Breakout of 200 EMA on friday session).
We have seen Proper Breakout of Falling Trendline Pattern and Double bottom also.
Price is sustaining above breakout trendline.
MACD and RSI has given bullish crossover (I have not placed RSI here as i want chart neat and clean but i have analysed already)
Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades.
Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's.
Thankyou.
VOLTAS review - 1052 from 869, 21% gains & still more to comeNSE:VOLTAS
chart posted on 31st August 2023 when the price was 869
now it has made a high of 1068
21% gains till now and more to come
expecting 1300++
The objective of this analysis is knowledge sharing and education. There isn't any buy or sell advise in this article. Every stock is held for a short to medium amount of time and is positional.
It is expected of each person to carry out independent research and evaluation to ascertain whether my perspective is consistent with your studies.
link of 31st August 2023 article posted below
VOLTAS - Ichimoku Breakout📈 Stock Name - VOLTAS Limited
🌐 Ichimoku Cloud Setup:
1️⃣ Today's close is above the Conversion Line.
2️⃣ Future Kumo is Turning Bullish.
3️⃣ Chikou span is slanting upwards.
All these parameters are shouting BULLISH at the Current Market Price and even more bullishness anticipated AFTER crossing 1060
🚨 Disclaimer: This is not a Buy or Sell recommendation. It's for educational purposes and a guiding light to learn trading in the market.
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#IchimokuCloud
#IchimokuFollowers
#Ichimokuexpert
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VOLTAS - Coming out of consolidation after retestThe analysis is done on Weekly TF hence price may take few weeks to few months in order to reach the targets. Trade setup is explained in image itself.
After breakout, a major resistance becomes major support.
When price reverses from major support and breaks above major resistance zone, it signals towards a major trend change towards upside.
The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade
Checkout my other ideas to understand how one can earn from stock markets with simple trade setups. Feel Free to comment below this or connect with me for any query or suggestion regarding this stock or Price Action Analysis.