This is a contrarian call. Voltas has been languishing from highs of 1300 in feb 2022 to 800 now.
A three fan pattern had been formed in August and then it jumped from 800 levels to 900.
A three fan pattern is a bullish reversal pattern.
This pattern was formed earlier in BOB@40 and RBL@90. If it can hold stop loss of 740, Voltas can give good returns.
Dont forget...
Voltas Ltd is showing buying strength and forming Demand zone as marked. It has broken from the channel and now we can expect upside. It can generate good returns in short term or one hold for long term.
#voltas
In Voltas, presently accumulation having by BIG players. So it is presently trade in wave 2, which is consolidated since long term. this is good time for accumulation of voltas & target should be 1400
Voltas - Looking good
On daily time frame have good support.
Above 20 EMA
Supertrend also Bullish.
Inactive Below 745.
Immediate targets-780-800-820
Good to Trade in cash and Futures
Enter in options only after breakout of 780.
For Education Purpose only
Voltas LTD is falling sharply past few days, Now it has come very close to the support region.
the immediate support and resistance levels are marked on the chart.
#support : 737
If the stock manages to close below the support level on daily closing basis, the stock may expect to test the next support level in few sessions which is marked on the chart at 680....
Voltas dips 4%, nears 52-week low on concerns of tepid growth in RAC biz
As per management, the Room Air Conditioner business did well in April, but Voltas saw below-expected volume growth in the key month of May due to unseasonal rain.
Voltas, part of the Tata Group, is engaged in the business of air conditioning, refrigeration, electromechanical projects as an...
Chart patterns look optimal for a short trade in Voltas
Reasons
1. VOLTAS has been taking support at the its 10 YEAR OLD SUPPORT TRENDLINE (bright green line- from 2013 till now )
2. Right now, it is in its downswing move inside the channel pattern.
3. [b ]Inverted Cup & Handle pattern too formed and given BREAKDOWN today (27/04/23)
4. As per...
NSE:VOLTAS
Reasons to go long :
1. Reversal from the golden reversal level of 61.8% fib level .
2. Trend Break + Retest Done
3.Very strong buying (bullish volume ) today (10-02-23).
4. Volume profile indicator showing no major resistance till 1000 lvl.
5. Q1-Q2 earning will increase ( summer months )
The stock has been consolidating in a descending triangle pattern and previously given huge targets after the consolidation phase.
It has shown a bearish moving average cross over on the weekly charts and has given a retest to the 20 EMA this week. There is a losing strength as per the RSI indicator though the market is trading above the previous low.
Either...
Voltas is in short/mid-term correction.
Wave 4 of ongoing Long term impulse is unfolding.
In the mid-term, ABC is unfolding with the current A wave going on in the very short term.
Retracement of 4 wave is marked with fib retracement.
The analysis is only for educational purposes. Please trade at your own risk
NSE:VOLTAS watch voltas above 817 if sustains above 817 then in coming weeks /months we can see voltas hit 900 zone while cruising through zones marked till 900 zone. if breaks below 790, then 770/741 zone will be good area for long term investment.
Voltas is so far away from its ATH and it is in the process of forming abeautiful cup with handle.
On the break of the handle, the trendline and the 50ema will also be broken. If such a break is seen on high volume, a beautiful long position can be taken for a long term trade or even an INVESTMENT
Updating this early so people can be on the lookout for a...
NSE:VOLTAS
Voltas Positional Pick
Technical:-
Voltas ltd has given some fake moves after the breakout of the falling wedge but it is not able to hold the shorts and bounced back above the pattern.
On 10th Feb it has given a strong range breakout with strong volumes,
we are planning to take entry upon breakout Retest so it can add more confluence. (entry in...
![VOLTAS: VOLTAS LTD[W]- Marubozu on weekly chart](https://s3.tradingview.com/6/6m0T3QzI_mid.png "VOLTAS LTD[W]- Marubozu on weekly chart")
