Voltas support is seen at 523.8 for now.
THE TRENDLINE WHICH IS DRAWSN AS A SUPPORT IS UNBROKEN SINCE 2016 AND HOPE IT CONTINOUS FOR EVEN FURTHER, THE FUNDAMENTALS ARE GOOD. IT CAN BE BOUGHT FOR LONG TERM INVESTING
Voltas has moved out of a channel, two days back. Wait for a dip to 720-25 levels, buy for medium term - s.loss 700.
UPPER RED LINE STOP LOSS SELL FOR TARGET AS SHOWN
VOLTAS CMP 701.45 STOPLOSS (685 DAY CLOSE BASE) TARGETS 714 , 725, 730 , 740 APPROX DURATION 15 DAYS
Voltas might take a support here Buy above 665 for target of T1 700 T2 720 Stop-loss 649(if closes below) Cherrs Happy Trading.
Kindly comment if you have any queries. In the below chart, there is complete trade setup.
Voltas has formed 8 waves channel (value area) with control price. The current price is trading at 653 and major resistance are 665 nearby and 636 nearby , the calculation of far; Major R. 665 - Major R. 636 = 31 / 2 = center 15.5 Trade SETUP, Plan A: Buy this stock above 665 if close Plan B: Buy at the value low 636 nearby Both t rade-plan s has the same...
If 648 level is held, Initiate long above 652 with a SL of 647 with immediate targets of 656 and 661. If stock goes below 647.5, go short with targets of 642 and 638 with SL of 653.2. Trend of the broader market should be taken into consideration.
IT IS RESPECTING WEDGE PATTERN SO MUST NOW BOUNCE FROM LOWER TRENDLINE AS WE CAN SEE HAMMER IS MADE WHICH SHOWS DEMAND ZONE THREE TARGETS FOR LONG ARE 674 679 AND FINAL 684.95 MAKE SURE CANDLE DOES NOT CLOSE BELOW LOWER TRENDLINE ON CLOSING BASIS
NSE:VOLTAS Can look for shorting opportunities if it sustains under 690. Upside resistance is 700-705. If it fills the gap made on 27-oct-19 opening, then chances are it can go up, otherwise will look for downside under 690. Bearish divergence in last two weeks. Says we can see downfall in next 4-5 sessions. 1st profit booking under 690 is 675. For upside sky...