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...
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.
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...
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...
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...
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...
In this video, we are going to witness the cup and handle chart pattern formation in daily chart of Voltas. Two probable scenarios were given.
Most probable scenario: A possible bullish breakout above 1120
Alternate scenario: Consolidation for some period
Minimal chances of a bearish movement.
Take trade as per the values given in Fibonacci. always trail the stop loss. do your own analysis before taking trade
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If you like my analysis do like & follow me as a token of appreciation. If you have any queries on...
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,
The 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.