Buy if sustains above 1000 Sl below 965 Tgt above 1100++
Voltas is looking for a breakout We can see voltas in 1200-1300 range.
ready to break the chart is self explained
Keep eye on VOLTAS. This can show a good momentum in near future. (For educational purpose only)
Price forming falling wedge pattern and it is currently moving from the trendline support, it is expected to break the wedge and trade high.
1. Voltas has formed an inverted head and shoulders pattern 2. Stock is taking support at 50EMA in Daily timeframe 3. There has been pickup in volumes in the past three days 4. Stock is forming HH(Higher high) and HL(Higher low) in 1hr TF 5. Sales are expected to be better this quarter owing to onset of summer and it's peer LG has declared very good...
Entry above 940 with target and SL as mentioned
Considering the extreme Summer conditions yet to come in India. Also the highlighted portion shows that the Stock is currently into consolidation phase. So with 10-20 Days time Horizon a target price of 1000 with stop Loss at 910. and for up to 3 months holding period we can se a rally up to 1100-1125 range by mid of July.
Seems weak for 890 level with initial weak support at 925. Regards
Falling wedge pattern can be seen in Voltas on daily time frame, trade can be initiated after breakout of trend line
Daily Chart Pattern Positive Momentum May Pull backed from Resistance turn Support Can give good return in Short term I am not a SEBI registered adviser. All the information provided by me are for educational/informational purposes only. Never invest more then 2 % Capital In Single trade. Trade on your own Risk and analysis
Stock making Head & Shoulder (Hourly) FLag Pattern (Hourly) Resistance Zone from 1010 - 1020 Currently consolidating before breakout Buy above breakout (with High Volume) Entry only above 1020 with Sl below 990 for Tgts upto 1080-1100
Note: 1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR. 2. Always remember SL is your lifeline, not the big target... 3.Follow us for more patterns and like, share so that we feel it is helpful to many and share more patterns... 3. Views given here is not a tip rather it is for educational purpose... Aftermarket...
Short Term View. Buy after breakout. For Educational Purposes
Voltas is trading near support zone at day time frame Disclaimer : All charts are purely for educational and information purpose only. Invest or Trade at your own risk.
sell on rise for target of 940. keep sl : 1050