VOLTAS CHANNEL REVERSAL INTRADAY TRADE IN VOLTAS :
⚡️Price Reversing In Downward Channel.
⚡️Triangle Formation
⚡️Good Risk Reward
VOLTAS trade ideas
intradayboth side potential
avoid first 15min breakout
wait for 15 min candle closing
targets are marked
follow risk management
do your own analysis
do workout
do meditation
start reading book
VOLTAS IS AT GOOD BUYING LEVEL VOLTAS is at good buying level for mid to long term
after breaking 200ema 920 will give upmove
educational idea
buy voltasit has retest previous breakout level and some buying interest is visible. it may rise till 970-990 level. view negated below 840 closing basis.
WATCH OUT for VoltasVoltas is so far away from its ATH and it is in the process of forming abeautiful cup with handle.
On the break of the handle, the trendline and the 50ema will also be broken. If such a break is seen on high volume, a beautiful long position can be taken for a long term trade or even an INVESTMENT
Updating this early so people can be on the lookout for a wonderful opportunity
Points to Note:
1. Handle is showing a valid shakedown on low volume which is important as it is sort of a trap for sellers.
2. Handle is above the 10SMA and in the upper half of the cup
3. Voltas is at a considerable low from its ATH and such a powerful pattern at a low is a money minting machine
Keep It Simple
Summer is Coming : Voltas Ltd NSE:VOLTAS
Voltas Positional Pick
Technical:-
Voltas ltd has given some fake moves after the breakout of the falling wedge but it is not able to hold the shorts and bounced back above the pattern.
On 10th Feb it has given a strong range breakout with strong volumes,
we are planning to take entry upon breakout Retest so it can add more confluence. (entry in zone 830 -835)
the stop loss shall be below the breakout candles low on the daily timeframe (795).
the target levels are mentioned on the chart.
Fundamental:-
Voltas ltd is a manufacturer of electric appliances mainly cooling systems and it has made a good position in the market by providing high-quality products,
and the summer is already on its way so many new cooling systems will be installed in offices, homes, etc will boost Voltas Stock in the coming months.
this is only for educational purposes only.
Always trade with stop-loss.
I Hope you found this helpful.
Please like and comment.
Keep Learning,
Happy Trading!
VOLTAS on Breakout; above 930 for Intraday (Live Trade)Please check out the INTRADAY Trading Strategy in the COMMENTS section below during the live market hours:
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INTRADAY Trading Strategy based on 3 stages of a breakout:
1) Impulse upmove stage: The strong upmove (nearly upto 2% from breakoutprice) happens within the first five to 15 minutes. "High Risk Traders" buys in hope of another 2% upmove intraday.
"High Risk Traders" may have to patiently wait through the Pullback-Consolidation stage to realize profits. High risk/High reward set up as breakouts may fakeout (reversal)also
2) Pullback-Consolidation stage: After the above "Impulse upmove stage"; the price may then pull back and move sideways (between "Open" price and "High" of the above "Impulse upmove stage").
Safe traders with minimum risk profile may Wait for a breakout from the consolidation to enter at this stage to relize high profits in the final intraday final "Breakout continuation" stage
3) Breakout continuation: Stocks often in the third stage breaks up above the "High" of the first "Impulse upmove stage" and continue to go higher again.
Both Safe Traders/High Risk Traders may book profits at this stage
Stop Loss: You may keep the stop loss @ "Open" price of the day OR "Breakoutprice"
The above information is not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendation.
Voltas: Both way movement possibleNSE:VOLTAS trade levels, in either way, is mentioned in the chart.
As RSI in 30m chart showing a small breakdown a uptrendline, may be little down is possible. Roughly 900-925 is the consolidation zone.
Volume is not there.
Checking the OI Data:
1. Max support: 900 (call unwinding and put addition happens)
2. Most interesting: at 920 roughly little more than those unwound calls are getting added.
Strongly feeling it will be range bound.
intradayboth side potential
avoid first 15min breakout
wait for 15 min candle closing
targets are marked
if the breakout comes after 10:00 am then the probability of winning will be more.
follow risk management
do your own analysis
do workout
do meditation
start reading books
VOLTAS - Monthly chart study - Morning star pattern at supportThe analysis is done on Monthly TF hence price may take few weeks to Few months in order to reach the targets.
Trade setup is explained in image itself.
The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade
Checkout my other ideas to understand how one can earn from stock markets with simple trade setups. Feel Free to comment below this or connect with me for any query or suggestion regarding this stock or Price Action Analysis.
intradayyou can buy on breakout or you can sell at resistance depend on the candle
both side potential
avoid first 15min breakout
wait for 15 min candle closing
targets are marked
if the breakout comes after 10:00 am then the probability of winning will be more.
follow risk management
do your own analysis
do workout
do meditation
start reading books
voltas finally working as per analysisunderstand the price behaviour and predict as per analysis. from 920 to 867
VOLTASAfter the long down trend it makes ups trend , now that up trend hit the Resistence level , expecting some Corrections
intraday voltasboth side potential
wait for box breakout
avoid first 15min breakout
wait for 15 min candle closing
targets are marked
if the breakout comes after 10:00 am then the probability of winning will be more.
follow risk management
do your own analysis
do workout
do meditation
start reading books
voltas ready for some corrective move..huge selling happen before at this level.. so price behaviour is it should correct from here.
VOLTASVOLTAS is ready to chill again. Buy with Stoploss 810 then targets are 915-1000+.
Buying Reason.
1 --> Rise from the Demand Zone.
2 --> RSI is close Above 60.
3 --> ADX is show Bullish move and +DMI is rise.
4 --> Volume is also High and show the Breakout.
5 --> Also close above 20 and 50 ema.
Voltas looks good for Pullback Voltas after breakout looks good for target 900 SL below 795
This analysis is based on time and trendline analysis
VOLTAS TRENDLINE BREAK AND RETESTVoltas broke dynamic trendline with volumes
Currently retesting the the horizontal as well the dynamic trendline
Seems any dip can be treated as a buying opportunity
Good RR for near future
intradayboth side potential
avoid first 15min breakout
wait for 15 min candle closing
targets are marked
if the breakout comes after 10:00 am then the probability of winning will be more.
follow risk management
do your own analysis
do workout
do meditation
start reading books
intradayboth side potential but I am interested in long side
avoid first 15min breakout
wait for 15 min candle closing
targets are marked
if the breakout comes after 10:00 am then the probability of winning will be more.
follow risk management
do your own analysis
do workout
do meditation
start reading books
Voltas at resistanceVolas has closed near the resistance level of 850 with huge volume. Above 850 stock might head towards 1000 level after giving a pullback.
Voltas 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 decreased their shareholding last quarter
Inefficient use of capital to generate profits - RoCE declining in the last 2 years
Inefficient use of shareholder funds - ROE declining in the last 2 years
Inefficient use of assets to generate profits - ROA declining in the last 2 years
Decline in Net Profit with falling Profit Margin (QoQ)
Decline in Quarterly Net Profit with falling Profit Margin (YoY)
Declining profits every quarter for the past 3 quarters
Declining Net Cash Flow : Companies not able to generate net cash
Major fall in TTM Net Profit
Recent Results: Declining Operating Profit Margin and Net Profits (YoY)
