VOLTAS - Ichimoku Breakout📈 Stock Name - VOLTAS Limited
🌐 Ichimoku Cloud Setup:
1️⃣ Today's close is above the Conversion Line.
2️⃣ Future Kumo is Turning Bullish.
3️⃣ Chikou span is slanting upwards.
All these parameters are shouting BULLISH at the Current Market Price and even more bullishness anticipated AFTER crossing 1922.
🚨Disclaimer: This is not a Buy or Sell recommendation. It's for educational purposes and a guiding light to learn trading in the market.
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Voltasanalysis
Voltas: Bullish Momentum Continues, Potential Breakout Above 139The journey of Voltas since December 2023 has been nothing short of impressive, with a significant uptrend propelling its price from 900 levels. As it approaches the crucial resistance zone around 1400, traders are eagerly anticipating a potential breakout.
The recent bullish momentum suggests underlying strength in the stock, but caution is warranted at these levels. While the upward trend is intact, the resistance around 1400 could pose a challenge.
Traders should closely monitor price action, looking for confirmation of a breakout above 1395. A decisive move above this level could signal a continuation of the upward trend and offer compelling trading opportunities.
Additionally, keeping an eye on key support levels and employing risk management strategies are essential to navigate the market volatility. Stay vigilant and adaptable to capitalize on potential opportunities while mitigating risks.
VOLTAS HAS MORE STEAM LEFT FOR MORE UPSIDEVoltas has good support zone around 1035 - 990 and until this is holding we expect to see another upmove towards 1250 - 1300 zone.
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InvestPro India
Voltas moving in green. Intraday trade for 01/02/24.Voltas on the daily close has given a break out of the resistance zone around 1050-60.
It made a base around the 20 DEMA and given a nice move with good volumes.
Bullish entry can be made in the stock for positional trade for a ultimate level fo 1230.
Intraday entry with 1140 as target can be initiated and a stict SL should be kept as tomorrow is budget.
Target :- 1140, 1230
Support :- 1082, 1055
Enty :- Starts trading above 1095 levels.
Crossing the resistance level of 6 month can give some buying momentum.
Wait for the price action near the levels before entering the stock.
VOLTAS - Coming out of consolidation after retestThe analysis is done on Weekly TF hence price may take few weeks to few months in order to reach the targets. Trade setup is explained in image itself.
After breakout, a major resistance becomes major support.
When price reverses from major support and breaks above major resistance zone, it signals towards a major trend change towards upside.
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.
VOlTAS Important levels to watch. 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.
in other case, if the stock takes support at the given level and bounces back it may reach towards the trendline resistance plotted on the chart. If the stock breaks out from the trendline resistance then we may expect the targets till next immediate resistance marked on the chart.
so watch the price action and keep the stock on radar.
Follow us for more such information, and if you like the idea do not hesitate to like it. Do let us know in comment section if you want us to check out any stock.
Disclaimer: This idea is just for educational purpose, please do your own research before initiating any trade.
Voltas upcoming move prediction (19/06/23).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 side movement can be seen in coming weeks. 2-3% move is expected on the both side, if the stock price start trading out side the consolidation zone.
On daily charts too, it has closed below both the moving averages and shown a upper wick rejection from the resistance zone which coinsides with 61.8 fibonnaci levels.
Support:- 778, 746
Resistance :- 825, 858
The stock can be bought on from long term prospect above 825 levels. Below the level, it can retest the lower levels which can give opportunity to accumulate stock at lower levels(near support levels).
Future and option trades can initiated once the stock start sustaining above/below the levels.
Positional and swing trades must be initiated with a holding time of 1-2 weeks. MA setup can be used for deciding Targets and SL.
The stock is forming a bearish pattern on the weekly charts, forming lower lows lower highs. To be in the trade for a long time use Option hedging(1 by 2 even or a put credit spread) or Future hedging
Wait for the price action near the levels before entering the trade.
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)
Voltas - Buy above 1270Hello guys, as said in the previous posts the I.T sector were looking weak to me and Techm & Wipro hit their shorting targets.
Now Voltas here has given a breakout from it's trendline and also now is nearing it's resistance/supply zone which it was unable to break the last two time, if it breaks this resistance it will be a good buy for the upper marked targets.
Buy above - 1270.
Targets mentioned in the chart above.
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Simple Trade Setup | Voltas | 02-09-2021[positional & intraday]NSE:VOLTAS
Observations:
1) On Daily Time frame you can see that it has taken good support from 1010 level and blasted from it with good bullish candle.
Please refer below chart : Daily time frame.
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For POSITIONAL trade one can take long position from CMP as well as any dip above 1010 level will be good buying opportunity. SL will be 990.
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Trade Setup for Date 02-09-2021:
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level tomorrow.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Simple Trade Setup | VOLTAS | 12-08-2021NSE:VOLTAS
Today we saw amazing recovery from the bottom level. And it closed in green.
But on daily time frame it still remains below 100DMA which is placed at 1009 level range. It will only safe to get new buy trade once 1010 level breakout.
Please refer below chart on daily time frame.
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Below is simple trade setup
Safe buy trade breakout of 1010 level and safe short trade below 995 level.
If it open gap up above 1010 level and try to get support from 1010 level then it will be entry for buy trade. But 15min candle should be required to take judgement.
But after gap up opening it breaks the 1010 level down then it will be short trade entry.
If it open minor gap down or flat in range of 997-1000 then better to wait to level break on either of the side. Also if it goes up and take resistance from 1010 level then it will be short trade entry.
Hope I made it easy to understand levels.
Do comment your chart or suggestion.
all the best.
Simple Trade Setup | VOLTAS | 11-08-2021NSE:VOLTAS
On 10-08-2021, on daily time frame it has broken and closed below 100DMA. 100DMA is placed at 1009 level range.
Please refer below daily chart.
Trade Setup for 11-08-2021.
Any Resistance at any level till 1009/1010 will be opportunity for short trade. VOLTAS will remain weak below 1009 level.
Chart and levels are easy to understand.
Do comment your doubt or suggestion.
My personal view is bearish until it trades below 1010 level.
Trade with strict SL.
All the best.