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.
Voltaslong
Simple Trade Setup | Voltas | 09-08-2021NSE:VOLTAS
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 suggestion.
Have a good trading in next week.
Simple Trade Setup | VOLTAS | 06-08-2021NSE:VOLTAS
Today it gave clear view for bullish signal. As it was making bullish divergence by making lower low on price while RSI was making higher lows. Also it was taking good support from 1025 level. And it broke the trendline.
Here is the simple trade setup for 06-08-2021.
Chart and levels are easy to understand.
Do comment your doubt or suggestion.
All the best.
Simple Trade Setup | Voltas | 05-08-2021NSE:VOLTAS
In last two trading day, it made lower lows in chart while RSI made higher lows on 15min time frame. This could be the beginning of the RSI Bullish divergence.
Simple Trade Setup for 05-08-2021
1) For the safe buy trade it can be taken above 1044 level only. 1047 level will give a bit of resistance but need to judge price action at this level. If it gets broken with just one single candle then no need to book the partial profit. All above levels will be targets. One buy trade can be also made above 1040 level if it breaks or works as support.
2) Tomorrow, It may come to test level of 1025, and if it takes support then it will be a sign of bullish trade. And at the same time need to check RSI in 15min time frame at 1025 level (which will be another low in price) and if RSI is having higher low then this is going to make a bullish divergence.
But Don't jump in trade until it breaks the trendline.
3) For the short side trade it is very clear and simple.
Also it closed just above 21DMA on daily time frame, which is near to 1031 level. This level is also to watch and how price is working near this level.
Chart and level is easy to understand. Do comment your doubt or suggestion if any.
Trade with your Stoploss. And don't be shy to book profit at your level and don't hold the trade for entire day.
How to make 6% fast in Voltas - Logic and trade entry Voltas is trading between the zones of supply and demand and currently on demand zones and moving towards the supply zones, we can make a good 1:2.5 RR trade
here on a 1HR tf close near 1060 levels target for 6% and risk can be set near 2% to 2.5%
wait for 1hr close and let it close bullishly on 1hr :) trade with proper risk rules and follow them also let the trade initiate :)
Any problems regarding the trade plz comment and feel free to discuss
VOLTAS LOOKS GOOD TO BUYThe 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
🆒 VOLTAS 🆒
Take trade as per the values given in Fibonacci. always trail the stop loss. do your own analysis before taking trade
Check these Upcoming ideas - STILL ACTIVE
Check these successful trades & approach on HDFC , HINDUNILEVER, INFOSYS , MOTHERSUMI , DLF , BRITANNIA
If you like my analysis do like & follow me as a token of appreciation. If you have any queries on any stock let me know.
Leave a comment that is helpful or encouraging. Let's master the markets together
VOLTAS Hi, Please find my study about Voltas.
It got Head and shoulders / Cup & handle / Ascending triangle pattern formations.
And in day chart today it shown "Morning star" candle at support, which is good sign for earlier entry.
But the perfect entry will be after the breakout of 1132 and above.
please confirm it before you go for a entry.
Hope that helps,
Thanks.
VOLTAS LONG CONTINUATION on the daily chart, voltas will be forming a morning star right at the confluence of support zone if buyers show control today.
If the volumes come in today, voltas can be seen moving upwards continuing the prior trend.
It has respected the 50% retracement mark and shown correction both in price and time.
Voltas - Falling wedge + Bullish market structureThe price was forming a falling wedge pattern but broker out of the wedge and formed a Higher high. As can be seen from the current market structure, Voltas is in an uptrend. The price formed a hammer candle on the 200 moving average and bounced back. The 200 SMA has acted as good dynamic support in the past, as has been highlighted by the green circles.
Targets: 1033, 1084, 1131
You are always advised to use an appropriate Risk-Reward ratio as per your strategy.
P.S: This is NOT investment advice. This chart is meant for learning purposes only. Invest your capital at your own risk.