Key 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%+
Volatas in trading in falling wedge, keep in watch list and buy after breakout. We will try to update the idea for upcoming moves.
To motivate us, Please like the idea If you agree with the analysis.
InvestPro India Team
Voltas, this stock has been consolidated in a parallel channel since October 2021, and now very first time it has closed just out of that same channel's top on daily time frame,
Also it has been closed above 20DMA from last 15 days and sustaining on same.
As per elliot wave structure we can assume that from the low of 8th March fresh impulse wave 1 started and on...
Hello 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...
Look at the Voltas showing good sign of going up.
Trade with proper stop loss.
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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.
For POSITIONAL trade one can take long position from CMP as well as any dip above 1010 level will be good buying...
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....
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.
On Daily Time Frame 21DMA is placed at 1034.80 level. And Friday it took support just above this level and closed at 1047.90 level.
It will be bullish if it stays above 1030 level. Below 1030 level it will make down movement for short trade.
I have just marked levels with line on the chart. Hope it is easy to understand.
Do comment your doubt or...