VOLTAS trade ideas
VOLTAS BUYING OPPORTUNITY13th Dec 21
VOLTAS is trading around its previous resistance level. Previously it had taken the support from the previous resistance level and resisted at 1282 level which confirms 1282 level is important resistance level. Above 1282 level will have a good buying opportunity.
VOLTAS Long SetupSetup Long Triggers at the price movements above 1275
All Levels Mentioned On Chart
The term Catastrophe Stop, is a maximum movement of price that can happen in opposite direction of trade
so that the setup remains valid, Its basically used, to give some breathing space to the trade,
I may call for a recovery if the setup becomes invalid as the market progress.
As we all know anything can happen in the market and we should respect that
The Idea is for Educational purpose only
At Last, do your own analysis, before trading your money!
Swing Opportunity in VoltasGo Long above 1202.8 for Targets of 1262.4, and 1322 with SL 1143.2
Reasons to go Long :
1. On a daily timeframe if we draw the Fibonacci retracement tool from recent swing low (point A) to recent swing high (point B) then we see stock took support from 0.5 Fibonacci level.
2. A bullish candlestick pattern ( Bullish Hammer ) and ( Bullish Engulfing ) marked with the orange color is formed around 0.5 Fibonacci level.
3. A bullish chart pattern, Double Bottom (W pattern) is formed around 0.5 Fibonacci level.
VOLTAS READY TO BUY YESTER IT SELFRisky traders only give entry it is only 60% Accuracy
Things to Remember while Trading with the Trend
1. Find where is a trend reversal start and give entry
2. The best trades are made in the direction of the trend.
3. Wait for the pullback.
4. Don’t chase the market.
5. Fixed proper stop loss and target
6. Find correct supply and demand zone
7. Even in the strongest trends there should be some retracement.
.8. Know where the Support levels are.
9. Place stops outside the Support levels
10 Don't panic to see loss fixe.keep correct stop loss to use proper way of technical analysis
Disclaimer
I am not SEBI Registered. I am just sharing my views here for education only.Do trade or invest at your own risk, This channel or am not responsible for any losses and won't claim anything from your profits either. Be aware of what you are trading and take financial advices from your advisors before jumping in