Voltas
Voltas Long Opportunity !!! Short Term !!!Short Term Investment.
Buy on Dips Suggested.
All the level are Mention on Chart.
Do your Own Analysis before any trade.
VOLTAS LTD LONG !VOLTAS LTD started trending good movement, stock can be brought at current levels for long positional target 660/- with stop loss 560/-
VOLTAS LongEnter Voltas long and target 620 and then 660. It is in clear uptrend and broken upper trendline.
Voltas - Positional TradesVoltas made a bullish run from 100 DEMA to 200 DEMA in a day only to retrace back a little & is now perched beautifully just below the 200 DEMA & 50% FIB retracement level as shown on Chart.
Its a precarious level with both scenarios of break and rejection equally possible.
Volume & Momentum seem to favour a break upwards.
Pay attention to NIFTY trends and Volume before taking trades.
Positional Ideas:
Go Long above 590 for 605,620 with SL at 575
Short it below 565 for 550, 545 with SL at 575
P.S The levels mentioned are long term supports and resistance on monthly charts. I always prefer rounded-off values!
Voltas Ranging Market Explaination mention above -:
I am bullish above 565 level . Firstly ,let the market to prove us that this stock has some bullish momentum .
we can't buy right now because the picture isn't clear . we will only buy above 565 for intraday purpose till 585 level.
because we can see minor resistance at 565 .
As you see last trading session it make hammer candle stick pattern . we solely don't trade on that candlestick pattern, so please wait till 565.
Voltas - Nearing Bullish BreakoutNote: This is for educational purpose only.
Build up near resistance shows lack of selling pressure. Expecting a good bullish breakout once resistance is broken with good volume. RSI above 60 adds to the bullish momentum conviction.
Voltas - Hammer on 20 EMANote: This is for educational purpose only.
Bullish hammer formed on 20 EMA. 20 EMA above 50 EMA indicates medium term bullish trend. RSI above 50 indicates bullish momentum.
bullish pattern The price movement is currently in the bullish form. At present there is a price rotation in the stock.
VOLTASVoltas is Break Trend line and also break the consolidation pattern so you can add in your Buy List after 564 level.
VOLTAS Trading SetupDisclaimer: All charts are purely for educational and information purpose only. Invest or Trade at your own risk.
