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...
Voltas has good support zone around 1035 - 990 and until this is holding we expect to see another upmove towards 1250 - 1300 zone.
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📈 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....
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...
📈 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...
Hello 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:-...
NSE: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...
This has given a good breakout on 20th DEC with good volume.
Considering it as a good breakout, entering based on the Fibo level.
NOTE: There is a strong Bearish RSI divergence. Assuming that it is because of the profit booking, one might still hold the stock.
📈 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....
Voltas can be a good and relatively safe pick for medium term positional trading.
Try to enter around 780 levels with a SL of below 740 DCB for minimum target of 920.
The 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...
-public holding in 2017- 22%
-public holding in 2023- 15%
-highest ever sales (TTM) & capex underway
-losses from exceptional items may not impact in future
Voltas- Box breakout done for the target of 1120. Though it broke out, wait for the candle close above the blue line for safer entry.
Note: This is for educational purpose only and not a buy recommendation.
Stock is facing major resistance since more than one year at 920-925 zone, yesterday traded with good volume, any BO above 925 level will be good for stock till 1020 levels, volume need to increase.
📈 Exciting Bullish Pattern Alert! 🐂
📊 Pattern: Ascending Triangle Pattern
📌 Symbol/Asset: VOLTAS
🔍 Description: Stock is in a Ascending Triangle Pattern.
Prices should cross 910-920 for further upside.
If stock not able to cross the resistance then we can see fall upto 770 levels.
👉 Disclosure: We are not SEBI registered analysts, this is not a buy or...
