Summer is Coming : Voltas Ltd 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 zone 830 -835)
the stop loss shall be below the breakout candles low on the daily timeframe (795).
the target levels are mentioned on the chart.
Fundamental:-
Voltas ltd is a manufacturer of electric appliances mainly cooling systems and it has made a good position in the market by providing high-quality products,
and the summer is already on its way so many new cooling systems will be installed in offices, homes, etc will boost Voltas Stock in the coming months.
this is only for educational purposes only.
Always trade with stop-loss.
I Hope you found this helpful.
Please like and comment.
Keep Learning,
Happy Trading!
Voltas
Voltas: Both way movement possibleNSE:VOLTAS trade levels, in either way, is mentioned in the chart.
As RSI in 30m chart showing a small breakdown a uptrendline, may be little down is possible. Roughly 900-925 is the consolidation zone.
Volume is not there.
Checking the OI Data:
1. Max support: 900 (call unwinding and put addition happens)
2. Most interesting: at 920 roughly little more than those unwound calls are getting added.
Strongly feeling it will be range bound.
VOLTAS - Monthly chart study - Morning star pattern at supportThe analysis is done on Monthly TF hence price may take few weeks to Few months in order to reach the targets.
Trade setup is explained in image itself.
The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade
Checkout my other ideas to understand how one can earn from stock markets with simple trade setups. Feel Free to comment below this or connect with me for any query or suggestion regarding this stock or Price Action Analysis.
intradayyou can buy on breakout or you can sell at resistance depend on the candle
both side potential
avoid first 15min breakout
wait for 15 min candle closing
targets are marked
if the breakout comes after 10:00 am then the probability of winning will be more.
follow risk management
do your own analysis
do workout
do meditation
start reading books
Voltas Opportunities :
Positive Breakout Second Resistance ( LTP > R2)
RSI indicating price strength
High Volume, High Gain
Strength :
Company with Low Debt
Strong cash generating ability from core business -
Improving Cash Flow from operation for last 2 years
Book Value per share Improving for last 2 years
Company with Zero Promoter Pledge
Weaknesses :
MFs decreased their shareholding last quarter
Inefficient use of capital to generate profits - RoCE declining in the last 2 years
Inefficient use of shareholder funds - ROE declining in the last 2 years
Inefficient use of assets to generate profits - ROA declining in the last 2 years
Decline in Net Profit with falling Profit Margin (QoQ)
Decline in Quarterly Net Profit with falling Profit Margin (YoY)
Declining profits every quarter for the past 3 quarters
Declining Net Cash Flow : Companies not able to generate net cash
Major fall in TTM Net Profit
Recent Results: Declining Operating Profit Margin and Net Profits (YoY)
VOLTASKey highlights: 💡⚡
✅On 1D Time Frame Stock Showing Breakout of channel pattern .
✅ Strong bullish Candlestick Form on this timeframe.
✅It can give movement up to the Breakout target of 930.
✅Can Go long in this stock by placing a stop loss above 786.
✅ breakout this can give risk:reward upto 15%+
VOLTAS - intraday + Swing setup NSE:VOLTAS
1st entry for intraday target and if it gaps up above then enter on crossing 2nd entry point only
After 1st entry for intraday if it does not cross 886 then don't hold for swing then wait for it to cross 886 for swing move.
Hope you like this analysis please like and comment
Keep learning,
Happy trading.
Thank you
EMA 200 - Will Support hold?Voltas is a well known company in FMEG segment in India.
Share Prices are trading at around 35=40% discount from recent high, as a consequence of a slow quarter.
Its competitor Havells did not post convincing numbers and its shares plummeted as a result of it.
Since the prices are around a strong support region, it remains to see how the price will meander next.
Not an Investment Advice, only for research purpose.