Trendline (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. will give follow back to all the followers. Please comment and let me know about my analysis, Follow for more analysis.
VOLTAS : BUY ONLY ABOVE 715 FOR 780 , ELSE IT WILL FALL BELOW 650
#voltas might face resistance around 741/44 levels, once breaks it decisively, it might move towards 768/800 levels. Regards
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 took support at trend line, good for short time trade entry for a target of 730 with stop loss of 656
Supply 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
Intraday / 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.
Rejection at the above zone can show some weakness till 700 and 685 levels. Look for some good confirmation. Regards
Follow 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. ...
Take entry only when it satisfies these conditions : 1. It breaks the uptrend in a downside move. 2. The breaking candle is high in volume. 3. Wait for the retest as it is very very important in this case. 4. Set the Target and Stop Loss as soon as you enter the trade. Do let me know if you have any doubts regarding the trade.
VOLTAS INTRADAY 11 OCT TO 13 OCT TIME LINE GREEN ZONE LONG AREA WITH TARGET RED ZONE SHORT AREA WITH TARGET
Go Long guys trendline break big volume lot size = 1000 FOLLOW & LIKE