VOLTAS trade ideas
VoltasYou all know this pattern. Similar patterns are seen in many stocks nowadays as the market is moving up. Buy above 830 with the stop loss of 824. Targets are 832, 842, 848 and 854. Trading is simple, dont make it complicated by over analysing. Sell below 820 with the stop of 826 for the targets 814, 808 and 802.
VOLTAS - intraday + Swing setup NSE:VOLTAS
1st entry for intraday target and if it gaps up above then enter on crossing 2nd entry point only
After 1st entry for intraday if it does not cross 886 then don't hold for swing then wait for it to cross 886 for swing move.
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Voltas Cmp 901 dated 28-9-2022 BOTTOM CATCHVoltas Cmp 901 dated 28-9-2022
Bottom Pick
1. Hammer Candle at Bottom
Buy @ CMP for target 925-950-980-1000-1025-1050 SL 865
Disclaimer :
I am not a Sebi registered Analyst so please do your own Analysis before taking any action.
The above view is shared just for educational purpose.
By no means shall be responsible for any losses amounting out of it incase if any trades on it.
It is just a view, pls trade at your own risk.
EMA 200 - Will Support hold?Voltas is a well known company in FMEG segment in India.
Share Prices are trading at around 35=40% discount from recent high, as a consequence of a slow quarter.
Its competitor Havells did not post convincing numbers and its shares plummeted as a result of it.
Since the prices are around a strong support region, it remains to see how the price will meander next.
Not an Investment Advice, only for research purpose.
Voltas again heading towards support zone of 920-930Weekly Chart of Voltas is again heading towards support of 920-930 zone which is tested 5 times since May'22. I will place GTT order to buy near 930 with SL closing below 925 which will give me great R:R. And if it breaks this support zone then 905/844 can also come. I am always looking for favourable Risk reward trades and in Voltas am looking for quick 8-10% gains which are more than enough for me.