After a poor qtrly result last time, stock tumbled a lot and traded in sideways zone a long, today gives a breakout, if sustain then TGT of 960-1020-1060 may be seen with support at 864.
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
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...
Voltas formed a Head & Shoulder- Gave a break out on downside.
Anything below 880 will open up further down move towards 840 or further below as long as 926(SL) holds.
The stock is trading in a range for the last 4 months. if gives a breakout at 1065, and sustains above, then may go to 1250 levels or more. Sustaining below 950 will show weakness on the charts.
only for learning and sharing purposes, not a bit of trading advice.
please share your views with comments.
All the best.
Wait And Watch ??
Look for Low risk, High reward, and High Probability setups-
Things to Remember while Trading with the Trend
1. Know what the trend is.
2. The best trades are made in the direction of the trend.
3. Assume that the main trendline or moving average will hold.
4. The longer the moving average is, the better it defines the trend.
5. Wait for the...
NSE:VOLTAS
One Can Go long with a Strict SL below the Trendline or Swing Low of Daily Candle.
Close should be good, and Clean.
R:R ratio should be 1 :2 .
Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose
Voltas can be kept in watchlist for swing trade it is trading at strong support if market remain positive we may see sudden bounce make and can give up to 5% in short term.
Huge Sell off in the Voltas Stock has been Seen, Also Stock has seen Pattern Break down, I am Bearish on the Stock, Will be Selling Voltas Future Below 925 For Targets of 900 And Stoploss 940
1. Voltas respecting 21 EMA
2. An unfilled Gap stays at 1040 and has a tremendous confluence of downwards trendline, gap area, and a 50% retracement of the current downswing.
3. SL being 903 on a closing basis.
4. Buy on dips as near as 910-920 level
