it is having bullish bat pattern buy above 1155 wait for candle to close above it in 45 minute timeframe target 1111
Voltas has made rounding top (Inverted cup) Good to sell below 990.
sell below-1052 todays low or sell beloiw-1049 also trgt-1040-1036-1025 after volume rsi confirmation if gap up or gap down then avoid.
Voltas 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.
After 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 can show more pressure if breaks 876 Sl 900 Target 844, 820
One 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.
Look at the chart if voltas breaks the channels upper boundary it will give a sharp move. Targets mention in the chart.
If sustains below 765, then 756, 745, 741 can be targeted. Regards
Voltas 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.
Voltas lloking good for next 5 -6 months... Tgt 925. Decide Self SL
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... :)
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.