VOLTAS trade ideas
#VOLTAS wait for breakout There is high probability that this time resistance will break
1 resistance is weak it has resist 2 time before and price is moving fast
2 increasing high volume from last 2 to 3 there is high volume
buy at the break out sl should be the low of the break out candle and tg- 1:2
How multiple confirmation can lead to a high probability setup!The stock has been trading in the range for past 200+ days and has started to show the signs of strength and these are:
1. A quick bounce from the support taking out the short term resistance of 1070.
2. Volumes have stated to increase showing the bullish sentiment among buyers.
3. The gap between 21-day and 50-day EMA has been reducing.
Why this time the breakout can be successful?
1. Resistance has become week as being tested multiple times.
2. A rapid recovery from the lows that too with large volumes.
3. By the time the stock reaches resistance EMA may complete the crossover which further adds odds in our favour.
Possible Scenerios during a breakout:
Scenerio No. 1. Break and retest: Here, in this scenerio stock does not wait near the resistance rather quickly takes out the resistance and comes back for the retest and when it breaks the High of the BO or alert candle a buy SL-M shall be waiting for your entry into the stock and SL shall be placed just below the recent low the stock has established.
Scenerio No. 2. Halt near the resistance: In this case the stock may conslidate near the resistance for a few days in a very tight range, which is a typical case of high reward low risk strategy. Here entry can be made as soon as the stock crosses the narrow consolidation near the resistance and the SL just under the same narrow range shall be placed.
VOLTAS Share Trend Analysis by THE DECISIVEVoltas is engage in business of Air conditioning, refrigeration & electro-Mechanical Projects & having Market cap of Rs. 32500 CR. Company is almost debt free & having healthy dividend payout background.
On Daily time frame it is taking strong reversal & moving towards previous high. Expecting a good movement here onwards.
Follow THE DECISIVE because WE HELP YOU TO DECIDE!
We will be happy to know if you would like to learn more on Fundamental & Technical analysis.
This was just for educational purpose only & not recommending to BUY/SELL of any Script.
Simple Trade Setup | Voltas | 02-09-2021[positional & intraday]NSE:VOLTAS
Observations:
1) On Daily Time frame you can see that it has taken good support from 1010 level and blasted from it with good bullish candle.
Please refer below chart : Daily time frame.
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For POSITIONAL trade one can take long position from CMP as well as any dip above 1010 level will be good buying opportunity. SL will be 990.
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Trade Setup for Date 02-09-2021:
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level tomorrow.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Long Idea on VOLTAS | 1hPrice is bouncing from the bottom line of the symmetrical triangle pattern. It broke a trendline and retesting it in a smaller timeframe. Hope you find this useful.
VOLTAS BOUNCING FROM PRZ 950 - 955 LEVELSVoltas bouncing from PRZ 950 to 955 Levels
CMP 985
Target1 is 1003
Target 2 is 1018
SL is 930 closing basis
Do your own analysis before investing.
Voltas for intraday trade - Buy above 1000 for Target 1025Voltas buy above 1000 for a target of 1025
stoploss 979
Inverted hammer chart reversal patternafter a short downtrend inverted hammer formed at the end.Is it a reversal sign???
voltas narrow range breakout voltas give a narrow range breakout with heavy volume which shows a strength
Voltas - buyBuy from cmp to 956
easy target 1010
Disclaimer : This is my personal analysis for study purpose not intended for trading
Voltas intraday trade idea for 24th Aug#Voltas entry and exit levels on the chart (refer black/blue lines). Place SL@0.5% of the entry price. Zones (if present are in pink/orange) are the places where it's unsafe to enter. #INTRADAY
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 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.
