Look Weak chart of Voltas. The chart is forming LL and LH. A very high probability that stock will breakdown the support area. can take short entry below 745 for the next level of 700-690-685 with SL of 770
Huge Sell off in the Voltas Stock has been Seen, Also Stock has seen Pattern Break down, I am Bearish on the Stock, Will be Selling Voltas Future Below 925 For Targets of 900 And Stoploss 940
Voltas is falling in a corrective manner forming a Zig-zag corrective pattern. One should go short on any rise or on cmo with SL of 1240 & look for the target of 1150/1100/1050
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...
NSE: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...
Take entry only when it satisfies these conditions :
1. It breaks the uptrend in a downside move.
2. The breaking candle is high in volume.
3. Wait for the retest as it is very very important in this case.
4. Set the Target and Stop Loss as soon as you enter the trade.
Do let me know if you have any doubts regarding the trade.
![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]")
