Voltas Trade For 20th Aug 21Symmetrical Triangle with multiple resistance test and decreasing volume . Take trade as per the market conditions after breaking the resistance and retest .
VOLTAS trade ideas
VOLTAS STANDING AT SUPPORT LEVELStanding at a good support level and i think we can see a upside move from there.
Please do your analysis before entering the trade and if you have any idea please tell me in the comments.
Simple Trade Setup | VOLTAS | 12-08-2021NSE:VOLTAS
Today we saw amazing recovery from the bottom level. And it closed in green.
But on daily time frame it still remains below 100DMA which is placed at 1009 level range. It will only safe to get new buy trade once 1010 level breakout.
Please refer below chart on daily time frame.
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Below is simple trade setup
Safe buy trade breakout of 1010 level and safe short trade below 995 level.
If it open gap up above 1010 level and try to get support from 1010 level then it will be entry for buy trade. But 15min candle should be required to take judgement.
But after gap up opening it breaks the 1010 level down then it will be short trade entry.
If it open minor gap down or flat in range of 997-1000 then better to wait to level break on either of the side. Also if it goes up and take resistance from 1010 level then it will be short trade entry.
Hope I made it easy to understand levels.
Do comment your chart or suggestion.
all the best.
VOLTAS : A flat CorrectionFrom the highs of 1125 made in june 2021 , stock had given a fall to 984 levels & then rebound in a choppy manner to the level of 1080. Right from there we have seen an impulsive fall & stock has broken the support zone of 1000. This level will act as resistance & stock will likely to fall further and will reach to the zone of 940-20 again.
One should short voltas in the zone of 1000-1010 with sl of 1040 and look for the target of 950/920
Simple Trade Setup | VOLTAS | 11-08-2021NSE:VOLTAS
On 10-08-2021, on daily time frame it has broken and closed below 100DMA. 100DMA is placed at 1009 level range.
Please refer below daily chart.
Trade Setup for 11-08-2021.
Any Resistance at any level till 1009/1010 will be opportunity for short trade. VOLTAS will remain weak below 1009 level.
Chart and levels are easy to understand.
Do comment your doubt or suggestion.
My personal view is bearish until it trades below 1010 level.
Trade with strict SL.
All the best.
How to Trade a Breakout?Breakouts are the high probability and low risk setup. These Setup occur mostly when the stock is in a consolidation state forming either but not limited to the below mentioned patterns:
1. Ascending, Descending and Symmetrical triangle
2. Channel Consolidation Pattern
3. Rising Wedge
4. Falling Wedge
5. Support (Demand) and Resistance (Supply) Breakout
6. Moving Average Breakout
So, what makes Breakouts a low risk setup?
Usually when such breakout happens, a good risk reward ratio can be achieved, because usually in such cases, Stop Loss is kept just few points above/below the support line/trend line. Please note: Stop Loss should not be very tight and there shall be some leverage in case the stock retraces back.
What Can be learnt from this structure?
Stock Under Consolidation taking Support from the trend line
Closing below the Trendline
50 EMA broken and closing below that
What next?
Stock might retrace back to the trend line and resist the same and then make a fresh fall. To confirm the entry, another continuation candle or a bearish candle near the entry would be the best possible scenario.
Breakout or breakdown. Voltas is trading at very crucial trendline support. Breakdown will take the stock to 930 levels where as breakout upside will take the stock to 1100 levels.
Simple Trade Setup | Voltas | 09-08-2021NSE:VOLTAS
On Daily Time Frame 21DMA is placed at 1034.80 level. And Friday it took support just above this level and closed at 1047.90 level.
It will be bullish if it stays above 1030 level. Below 1030 level it will make down movement for short trade.
I have just marked levels with line on the chart. Hope it is easy to understand.
Do comment your doubt or suggestion.
Have a good trading in next week.
VOLTAS LONG [Symettrical Triangle]Voltas taking support at the bottom of the traingle, can go long for swing trade above 1040 with stop loss of 1004 and aim for a target of 1111
VoltasVoltas profit jumps in Q1
In the June quarter, the air-conditioning major reported a consolidated net profit of ₹122 crore, up 49% YoY. This strong profit growth was led by a 38% rise in revenue from operations to ₹1,785 crore.
The company’s air-conditioner business was impacted due to lockdown especially during the peak summer season. Hence its volume growth was stunted to 10%. However, it's other business division called the electro-mechanical projects grew 67% and drove the overall revenue growth. Despite the strong results, shares of the company closed flat today.
Simple Trade Setup | VOLTAS | 06-08-2021NSE:VOLTAS
Today it gave clear view for bullish signal. As it was making bullish divergence by making lower low on price while RSI was making higher lows. Also it was taking good support from 1025 level. And it broke the trendline.
Here is the simple trade setup for 06-08-2021.
Chart and levels are easy to understand.
Do comment your doubt or suggestion.
All the best.
Simple Trade Setup | Voltas | 05-08-2021NSE:VOLTAS
In last two trading day, it made lower lows in chart while RSI made higher lows on 15min time frame. This could be the beginning of the RSI Bullish divergence.
Simple Trade Setup for 05-08-2021
1) For the safe buy trade it can be taken above 1044 level only. 1047 level will give a bit of resistance but need to judge price action at this level. If it gets broken with just one single candle then no need to book the partial profit. All above levels will be targets. One buy trade can be also made above 1040 level if it breaks or works as support.
2) Tomorrow, It may come to test level of 1025, and if it takes support then it will be a sign of bullish trade. And at the same time need to check RSI in 15min time frame at 1025 level (which will be another low in price) and if RSI is having higher low then this is going to make a bullish divergence.
But Don't jump in trade until it breaks the trendline.
3) For the short side trade it is very clear and simple.
Also it closed just above 21DMA on daily time frame, which is near to 1031 level. This level is also to watch and how price is working near this level.
Chart and level is easy to understand. Do comment your doubt or suggestion if any.
Trade with your Stoploss. And don't be shy to book profit at your level and don't hold the trade for entire day.
Voltas - Buy SignalVoltas buy at CMP 1059 or correction that you might get around 1030 levels
Strong MACD signal , Blow 50Day moving average and about to bounce back.
If it drops it has a Strong support @1008 levels
Target 1080+ Short term
VOLTAS... 8% SHORT TERM TRADEThe script is at the support trendline of the ascending triangle.
Target 1115 & Stop loss at 1005.
Risk Reward 1: 3.1.
Keep this script in your watch list and enter it when it starts moving up (green hourly candle).
VOLTAS 1hr analysisVOLTAS is at the resistance level, and if it breaks
the resistance then it has the potential to hit 1110
Voltas Cup and Handle - LongBoth Earnings and Sales are rising well.
Voltas (Nse) has an operating revenue of Rs. 7,555.78 Cr. on a trailing 12-month basis. An annual revenue de-growth of -2% needs improvement, Pre-tax margin of 10% is healthy, ROE of 10% is good. The company is debt free and has a strong balance sheet enabling it to report stable earnings growth across business cycles.
Voltas Medium/Long PositionVoltas trade for 2-3 months. Since this chart has taken dynamic support from the below trend line since long, so it will be difficult for it to go down. Also next month CPR is an ascending CPR so if the price sustains above the next month CPR and 200 EMA then once it breaks it swing high you can go long on it. But go long only after 1064 because if it breaks the support line and then goes below the 200 EMA then bears can come into the action.
