voltas in action before resultsthe a b c correction is completed, it feels it will test the levels given below one can take very low quantity shorts as some tests on price action were just okay not really awesome.
VOLTAS trade ideas
Voltas - Broken Major support in daily time frame -looks bearishVoltas looks Weak in daily time frame it broken the major support line , We can go and short the Voltas with CMP - 1157 and stop loss of Rs 1190 , Target 1- 1112 , Target 2 -1068
voltasWait And Watch ??
Look for Low risk, High reward, and High Probability setups-
Things to Remember while Trading with the Trend
1. Know what the trend is.
2. The best trades are made in the direction of the trend.
3. Assume that the main trendline or moving average will hold.
4. The longer the moving average is, the better it defines the trend.
5. Wait for the pullback.
6. Don’t chase the market.
7. Don’t fight the market.
8. Even in the strongest trends there should be some retracement.
9. The closer the market is to the trendline, the better the risk/reward ratio is.
10. Use ADX to determine the strength of the trend.
11. Higher the level of ADX , the stronger the trend, below 20 consider the market to be choppy
12. Hold trades longer in a strong trend.
13. Wait for confirmation of a trendline breaking before reversing position.
14. Know where the Support levels are.
15. Place stops outside the Support levels.
Thank You..
Voltas- bearish harmonic - TF - DAILYSpotted voltas -
can see down side 1250 - 1230
negation above 1325
Educational purpose only.
This is not a recommendation -
Inspired by - Trading Mirror telugu
VOLTAS SHORTING OPPERTUNITYTHERE is a great opportunity in voltas in the 1-day time frame
Moving average and macd is supporting.
IT IS MY ANALYSIS ONLY NOT INVESTMENT ADVICE.
BEFORE INVESTMENT TAKE ADVICE FROM YOUR ADVISORS
Voltas - Buy above 1270Hello 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 targets.
Buy above - 1270.
Targets mentioned in the chart above.
Please LIKE, COMMENT and SHARE to motivate and support me. I'll keep on posting new ideas on Indices & Stocks. Be sure to follow so that you don't miss any good trades that might have been rewarding.
Any comments and critiques will be appreciated even if it's of opposite view as a trader can also be right so many times.
Retest Done !!!The stock gave breakout and done retest .. buy if you see bullish momentum.
other details are mentioned in chart.
This is only for educational purpose. Not Buy/sell recommendation. Do your own analyze before enter.
Voltas Positional View 3rd time !!VOLTAS : cmp :1303.65
Trading near the breakout zone of 1330 - 1360 . If it surpasses and sustains
above the level a buying movement could be possible in the near term.
Making higher highs for 3 days.
RSI trending up.
Accumulation zone : 1300- 1330
Profit booking zone may be : 1388 - 1528
SL 1289 Dclbs
Positionally can move 1600+
Sl 1267 Dclbs
May take position in future also.
Previously all target achieved.
Disclaimer: Ideas for learning Only.
Learn Regularly. Not occasionally
If you find this helpful and want more trading/Investment Ideas.
Please show your support back,
LIKE & COMMENT
❤️ Your Support is very much appreciated ❤️
VOLTAS UNDER BULLISH. TARGET 1355VOLTAS is under bullish mode. Weekly closing is very good. Target 1355
Voltas [Daily]First BO done. Second resistance BO on the cards.
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This is not a recommendation though. Trade as per your knowledge and your risk appetite.
And do not base your trade on what I give. Please do your own research before investing!
I don't post as often but when I do, the trades are potential movers for the week! So trade and book your profits accordingly.
Happy Trading!
VOLTAS ON VERGE OF BREAKOUTVoltas concluded today's session with 2.27% gains but it failed to break the strong resistance (it has retraced about 4-5 times for there) around 1275.3 levels
Points to note:
1. Voltas has strong resistance at 1275.3 levels. Strong support is present near 1158 levels.
2. Daily RSI is showing positive divergence against price indicating a further bullish moment.
3. MACD line is also above the signal line which further indicates an upside move.
My Views
Voltas is on the verge of an "Ascending Triangle Pattern". The breaking of 1275.3 levels chart is indicating a medium target around 1390. Strong support is present at 1158 levels above which a trend reversal can be confirmed. In 1-2 sessions (probably in the next session), going by analysis I think Voltas will give a breakout for further upside movement. If not a further consolidation is on the table.
THOSE ARE MY VIEWS AND ARE FOR KNOWLEDGE PURPOSES ONLY, ACT WISELY.
COOL INVESTMENT - VOLTASVOLTAS- Daily Time Frame
Voltas recently gave breakout from Descending Pattern on the upwards side and is recently trading around its multiple times tested resistance, so risk-averse can take entry after it is taken out for the mentioned targets.
RangeVOLTAS stock is uptrend with good accumulation. Cmp is 1270.90
Best discounted price to buy 1200.5
Target 1:1306.25
Target 21:1349.85
Target 3:1475.85
Please consult your financial advisor before investing in this stock.
VOLTAS #TAView #OnltEducationalTrendline broken, right now near resistance zone. Vol spike seen, wait for close above R zone
Voltas - Swing TradeBuy Quality stocks which shows good signs of reversal even in weak market.
Wicks at lower body of candle near supports zone says that buyers are intact.
Understanding patterns - PART 1Patterns have been in use for as long as technical analysis have existed and are working today also, traders all over the world try to find patterns in chart to anticipate the possibility of the next move for any Index or stock. Pattern have a reason for working this greatly because all the patterns have an underlying psychology behind it and all these are driven by none other than the human emotions that lie behind them.
What are patterns?
According to John J Murphy "Price patterns are pictures or formations, which appear on price charts of stocks or commodities, that can be classified into different categories, and have a predictive value."
Putting it simply these are formations of candles which take a special shape when seen together and give you an idea of the future possible move of any script.
Why do patterns work?
Patterns work because they are the depiction of human emotions in the market and clearly shows what the traders in the market want a stock or commodity to do in a particular timeframe, now it must be odd and you may be thinking that how can a simple pattern or movement of the candles can tell you what is going inside the minds of people. Let me give you an idea so that you understand what is it that I mean by reading the minds of the traders using pattern and understanding what they want a particular stock or commodity to do.
The chart that you see above is hindalco which is listed on NSE.
To understand this let me tell you about the white lines you see, these are called trendlines and are made by connecting highs to highs or lows to lows to get an idea of the trend on current ongoing move or to make a pattern.
The pattern you see above is called ascending triangle pattern and is a bullish structure that when gives a breakout the stock or commodity gives a run for the upside.
Now the answer to the the question why ascending triangle pattern is bullish and how we get to anticipate the future movement lies in the human emotion or psychology that made this pattern in the market and it will also explain how you understand the human emotion in the market depicted as pattern.
This ascending triangle pattern is made by joining two line which I have named as trendline 1/resistance & trendline 2/support.
Trendline 1/Resistance shows us that the bears are not willing to let the price go beyond the levels of 470 and are shorting the stock near that price. Bears are wanting the stock to remain below the 470 price level.
Trendline2/Support tells us that the bulls are buying the stock on higher prices again and again that's the reason the trendline is inclined, bulls are wanting the stock to go up.
Now all of this tells us that right now bulls are more aggressive than the bears as bears are not willing to short below the price of 470 but bulls are ready to buy the stock at higher price and are the reason the price keeps surging up.
There comes a time when both the lines meet and there is no buffer space left between buyers and sellers and the price can now only go in single direction now, so bulls being more aggressive breaks the resistance of 470 and the price moves above it. Now there are two things that are going to happen:
1. More buyers will come in to buy as the resistance is broken making the price rally even more.
2.Short positions will have to be covered for, which will yet again make the price move up.
So that is how a mere pattern of a triangle joined by two line made you see the emotions of the traders inside the market and thus anticipate the future movement of price. Now this concept applies to all of the patterns there are in the market, some will be as simple as this one while others being more complex but all of these will make you a better trader letting you anticipate the movement.
This was the end of Part one of this series in which I'll be trying to make you understand patterns and trade more effectively using them.
The Next part will be the two main categories of pattern which will be in more depth and will actually help you anticipate the prices and add these pattern into your trading style.
If you have read it far enough so please give it a like and do follow me for the next part which I'll try to drop on the next weekend.
