Voltas
Voltas seems to move in a Bullish pennant patternVoltas testing the resistance of bullish pennant. Seems good if it moves above 918 for a target of 990+ levels. View negated if it moves below 885 level.
Disclaimer: - These views are for educational purpose only and not a recommendation.
VOLTAS | TRADING IN A RANGEAfter retracing upto 0.5 fibo level now its trying to cross the resistance zone.
But as per volume it looks weak to break the upper resistance level. So, Keep eye on volume activity during breakout.
If it break & sustain above the supply level then good to go long or it will get back to its channel again if it fails.
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.
BIG BREAKOUT COMING SOON IN VOLTASLook at the chart if voltas breaks the channels upper boundary it will give a sharp move. Targets mention in the chart.
Voltas Upside BreakoutVoltas about to breakout upside.
The trendlines are drawn as per 5 mins candle consolidation but trading view doesn't allow to publish 5 mins charts.
Diwali Over! IS VOLTAS going to FALL?Voltas being the primary beneficiary of Diwali Consume Durables Rush has grown with big green candles. So chart suggests the growth leg is complete now. Just waiting for Sell Signal by Zeta Scanner and lets not miss this opportunity to buy Puts... :)
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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#VOLTAS Moving up#voltas might face resistance around 741/44 levels, once breaks it decisively, it might move towards 768/800 levels.
Regards
Voltas - breaks long term resistance. Price breaks the pattern and reached the long term resistance levels if closes above this resistance then one can look for long till the previous high levels.
VOLTAS - TREND LINE SUPPORTVOLTAS TAKING SUPPORT OF TRENDLINE
HIGH RISK TRADE - AGAINST THE MKT
GOOD TILL IT BREAKS AND SUSTAINS BELOW 690
BELOW 690 CLOSE VIEW NEGATED UPSIDE 717/738
VOLTAS BUYVoltas took support at trend line, good for short time trade entry for a target of 730 with stop loss of 656
ascending triangle pattern in VoltasSupply zone is 704-714
closing above this level can lead to good upmove 741 and more
support zone 650-600 which is also fibbo level 78.6% and 61.8% and 200SMA support
also good volume form last few sessions
