BUY 650PE 29OCT2020 BETWEEN=8.5-11 SL=6.5 TARGET=18-30++++
Voltas nearly breakout of ascending triangle pattern with strong volume. We can go long for the target of 710 720+
If you want to catch the move at early stage then, voltas is at the verge of giving flag pattern breakout, buy can be initiated above 663. There's hurdle present at 671, 682. Such bets are a bit risky but give massive returns.
voltas BEARISH bearish short setup positional trade....
VOLTAS LTD started trending good movement, stock can be brought at current levels for long positional target 660/- with stop loss 560/-
Enter Voltas long and target 620 and then 660. It is in clear uptrend and broken upper trendline.
Note: This is for educational purpose only. Build up near resistance shows lack of selling pressure. Expecting a good bullish breakout once resistance is broken with good volume. RSI above 60 adds to the bullish momentum conviction.
Note: This is for educational purpose only. Bullish hammer formed on 20 EMA. 20 EMA above 50 EMA indicates medium term bullish trend. RSI above 50 indicates bullish momentum.
The price movement is currently in the bullish form. At present there is a price rotation in the stock.
For the past few days, its Consolidating in a range. Making a Descending triangle pattern. Now it may break downside. Let see tomorrow. For me it looks bearish below 530 may fall up to 500-510 Shower some LIkes!! If it Helps! :)
TREND ANALYSIS & TRADE SETUP Elliott Wave Analysis. Follow Chart Instruction. Do not be Hurry for entry. Wait for Proper Entry Setup. Buy/Sell with Best Risk Reward. Educational Chart Only. Wait for entry setup, if available then Long/short. Reward is 5-8 Times
NSE:VOLTAS voltas descending triangle breakout happend on the up side expecting upside target marked on the chart only for educational purpose it can be a trap also desending triangle (bearish sign) a gap pending below
VOLTAS closed with strong bullish candle & considering the market trend, we can see further potential upside in this. If sustains above 545 - > we can go for long Above 545, we can targets of 555/572 Pls add to watch list & trade as per trend.
I just give you a stock which can show you high movement in the coming days, Keep an eye on it and if it breaks any of the ways as given in chart you can trade according to your risk.
Voltas support is seen at 523.8 for now.
Stoploss Rs.600 Buy Near 647 to 650 Target First 720 2nd Target 762