This is follow-up on Voltas. Can check link to related ideas.
Target 1 achieved. Gain of more than 13% in 1 week. Target 2 is ON.
Chart is self explanatory. Entry, Targets and Trailing Stop Loss are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered....
1. Voltas respecting 21 EMA
2. An unfilled Gap stays at 1040 and has a tremendous confluence of downwards trendline, gap area, and a 50% retracement of the current downswing.
3. SL being 903 on a closing basis.
4. Buy on dips as near as 910-920 level
Voltas is available at an attractive price. Corrected almost 30% from recent high and now trading close to a support zone on day chart.
Note : for educational purpose only.
Chart is self explanatory. Entry, Targets and Stop Loss are mentioned on the chart.
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.
NSE:VOLTAS
Stock -> Voltas
TimeFrame->Weekly
Hello all!
Voltas has been taking constant support from its lower trendline since May 2020. This then further transitioned into a channel in February 2021. After traveling in a channel for a few months, it's now stuck in an Accumulation/Distribution (A/D) zone since September 2021.
Whether it's an accumulation...
Voltas, this stock has been consolidated in a parallel channel since October 2021, and now very first time it has closed just out of that same channel's top on daily time frame,
Also it has been closed above 20DMA from last 15 days and sustaining on same.
As per elliot wave structure we can assume that from the low of 8th March fresh impulse wave 1 started and on...
buy above 1350 in intraday or swing trade
stoploss for swing trade daily candle close below 1295
For stoploss in Intraday use 5 minute chart and see nearest support.
for target use 5 min chart and fibonacci pivots as i don't keep predefined target.
try to book partially and trail.
Note: this is not a prediction for LONG/SHORT, trade will trigger only on given...
-Voltas is trading inside 1270-1170 for past 3.5 months. Now price might face a supply zone of 1270 and also a falling trendline. If price sustains above these levels then we
can expect a range expansion for another Upmove.
-High volumes during BO will provide strength during upmove.
Happy Trading :)
DISC: chart posted for learning purpose only.
