A breakout above 1060 can take the stock upto 1250 levels again area of breakout can become support (SL) 1040
voltas looking good for a upmove kindly trade on given levels
Positional Trade: #Voltas CMP: 1052 Target: 1110/1120 Stop Loss: 1010
Voltas is forming a bearish impulsive move. one should sell on cmp with SL of 1032 for target of 1000-998.
voltas is in an uptrend parallel channel. accumulate on dip or support and trailing stop-loss can give profit in short term.
BUY VOLTAS 1015-1020 TARGET 1060 STOPLOSS 980 EDUCATIONAL PURPOSE
this is wonderful setup of cup and handle this is part of bullish pattern in technical analysis , the expected returns is quite massive move
Made a triple bottom at support area and TL breakout in 2h time frame. swing entry on CLB fo this candle above 1030 with SL below the support area.
REFER CHART FOR DETAILS MAINTAIN STRICT STOPLOSS
VOLTAS - DESCENDING TRAINGLE PATTERN'S BREAKOUT WITH BIG VOLUME AND RETESTED.
1) Higher Time frame 1D parallel Channel formed 2) Lower Time frame 1H Triangle breakout 3) Above alligator 4) Super Trend Buy
VOLTAS had strongly broken its previous resistance. Now that resistance can work as support. VOLTAS is taking a support in the same area. It can have 8 to 12 % up move.
understanding trade through support and resistance trade will remain void if opens big gap up or gap down.
Forming Bullish continuation pattern(cup & handle) With a stoploss of 1005 Timeframe: 1month
The stock has taken support multiple times from the blue line and again it formed a Hammer candle near the support line. One can open a Buy position if it sustains above 1047 until 1020 is intact on the downside. To motivate me, Please like the idea If you agree with the analysis. Happy Trading! InvestPro India Team