VOLTAS trade ideas
[POSITIONAL] VOLTAS LONG BET risk: Reward ratio is 1: 2
Rest as per Charts
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Note -
One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells “where” to act in “what direction. Unless it triggers, like, let’s say the candle doesn’t break the level which says “Buy/Sell if it breaks”, You should not buy/sell at all.
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I use shorthands for my trades.
“Positional” - means You can carry these positions and I do not see sharp volatility ahead.
“Intraday” -means You must close this position at any cost by the end of the day.
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Always follow a stop loss.
In the case of Intraday trades, it is mostly the “Low/High of the Candle”.
In the case of Positional trades, it is mostly the previous swings
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Voltas Positional View !!A bullish candle has been formed in MTF chart.Making higher highs.
Trading near the ATH resistance zone of 1120-1130.If it surpass and sustains
above the level a short term buying trigger could be possible in near term.
After the good consolidation a channel BO possible.
So keep on radar !!
TGT may be 1130/1157/1178
SL 1078 Dclbs
Positional tgt 1268
Sl 1018 Dclbs
Option Strategy : Buy Sept 1100CE/1120CE
or
Sell Sept 1040PE/1060PE
Disclaimer: Ideas for learning Only.
Learn Regularly. Not occasionally.
Voltas 1800 Target ??? Possible ..Hiding in plain sight. Voltas. Pretty simple Super Bull Super Grand Accumulation.
This stock resembles pattern in a US stock which is world's largest contract manufacturer.
In 6 months maybe a year, Voltas can hit 1800. May be sooner, who knows!
This is not a trading or investing advise. Please consult a registered stock market expert for any trading / investing decision. I am a newbie trader :)
Voltas Long Position(Breakout)Voltas Ltd. has been in the news for shorting recently. But demand in consumer goods and higher trading volume s had made the stock jump and pass the resistance point it has been trying to break two times as seen in the chart. Breakout is observed which makes it a strong buy currently. And coincidentally, it is the only Tata stock which hasn't witnessed monumental peaks. This breakout suggest that the stock is perfect for getting into long positions.
Disclaimer- This is a well thought-out and researched recommendation. Trade at your own risk and research. This idea is to help you research the stock and update you about the scrip's price and chart patterns. TRADE AT YOUR OWN RISK. THIS IS PURELY EDUCATIONAL MATERIAL.
NSE:VOLTAS
#Voltas momentum break out in progress#Voltas breaking out from a previous resistance from last feb with wide range bullish candle with bullish momentum
A monthly bullish reverse divergence is in play..Trend and momentum indicators show bullishness in all timeframes
This Tata brand like to further move up from the post covid recovery pent up demand in the consumer durable space.