NSE:VOLTAS watch voltas above 817 if sustains above 817 then in coming weeks /months we can see voltas hit 900 zone while cruising through zones marked till 900 zone. if breaks below 790, then 770/741 zone will be good area for long term investment.
Voltas broke dynamic trendline with volumes
Currently retesting the the horizontal as well the dynamic trendline
Seems any dip can be treated as a buying opportunity
Good RR for near future
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...
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.
Happy Trading!
InvestPro India Team
forming a descending triangle pattern on daily time frame
any break of the pattern towards the lower side below 865 levels we can see 770 levels soon on the charts.
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.
*NOTE
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Analysis is shared here is only for educational purpose.
Please consult your financial advisor before any trade.
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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...
![VOLTAS: Simple Trade Setup | Voltas | 02-09-2021[positional & intraday]](https://s3.tradingview.com/q/Q3m3pxab_mid.png "Simple Trade Setup | Voltas | 02-09-2021[positional & intraday]")
