VOLTAS gives a Clear Breakout: A good buyOne can consider buying Voltas as it has given clear breakout from it's previous important
resistance. The stock has also started performing well when compared to NIFTY 50.
Keep Stop loss at 690 and Buy for 1st target (or profit booking zone) of 850 and 2nd target of 890.
Voltas
BULLISH On VOLTASTrendline (using pine script)and the specially designed volume action analysis(using pine script) suggest a bullish run on the VOLTAS.
This is my weekly analysis on VOLTAS ,RESISTENCE becoming the new support line.
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Intraday / Swing Setup: Looks good for 715/730 with SL of 690Intraday / Swing Setup: Looks good for 715/730 with SL of 690 for intraday and 685 for swing trading. Enter between 695-700. Price has already done confirmation.
Note: I am not a SEBI register and view is only for educational purpose as well as personal, always consult your financial advisor before investing or trading.
#Oct16 - Voltas (intraday+swing) - Ascending triangleFollow the levels provided below:-
Buy above 676
Sell below 671
Note:
Avoid the stock if a big gap up or gap down is seen
Enter after the breakout happens and not before it
Do not chase the market, i.e., do not get involved in late entries
Only enter with strict stop-loss and target
This is not a recommendation and is for educational purposes only.
always follow risk-reward and quantity management for the 100% of the times
The above mentioned idea may not work, so beware of the risk you are taking
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Happy Trading!!