Voltas Ltd is showing buying strength and forming Demand zone as marked. It has broken from the channel and now we can expect upside. It can generate good returns in short term or one hold for long term.
#voltas
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....
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...
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
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...
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
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....
NSE: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...
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...
NSE: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...
NSE: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...
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: 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]")
