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 trade ideas
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.
VOLTAS - RectangleRectangle forming on 3H Chart of VOLTAS. BUY 1062, SL 1038, 1024, Target(s) - 1077, 1090, 1098, 1105-07, 1118. I'm learning chart patterns as of now. You can plan your trades accordingly if you know how to trade these patterns.
Voltas LongVoltas has been in an uptrend in the higher timeframes , It consolidates for a while and then moves up. The last swing low consolidation was for a very long time around the 900 area which happened to be the 61.8% Fib retracement level and this time around it has again been bouncing off of and consolidating around 1000 area which is again 61.8% retracement from the recent swing high. It has clearly broken the trendline on the daily chart. Momentum traders can go long above 1061 for a target of 1100/1115 with a SL of 1050 on hourly close basis. The RR is good as it is 1:4 minimum.
The RSI also which was showing some divergence earlier has been corrected in this time wise consolidation of last few weeks and is in a healthy zone above 60 on weekly.
Alternatively one can initiate a long position on a pullback towards the trendline BO area. Depending on how the stock moves on Monday.
BUY VOLTASit has crossed its resistance level in 1hr chart at 1061 with decent volume. one can accumulate between 1073-1063. we may see 1120 in coming days. view negated below 1040
Voltas short term idea as on 02-08-2021Most probably the breakout will have follow through. Hold till target.
In case the breakout fails, fade it till the demarcated demand zone.
#Voltas cash : Looks good above 1065.10#VOLTAS CASH -Positional call
01.08.2021
Looks good above 1065.10
Stoploss at 1030
Target 1095/1124
Cmp 1059.20
Voltas Triangle Breakout Voltas Triangle Breakout
Price has Taken the Support Trendline and Given a Triangle Breakout with more than Average Volumes...
Can go Long
* Do your own Analysis before investment
VOLTAS --> VIEW BULLISHSTOCK FORMING A GOOD BASE.
SHOWING STRENGTH IN DAILY CHART.
LOOKING GOOD FOR SWING.
BELOW 1000 WEAK. CLOSING BASIS.
Voltas breakout above 1170Voltas is going for a channel breakout above 1070. If retest happens, strong upmove can be expected for targets of 1082 and 1120.
'VOLTAS' analysis for 2nd August 2021Buy/Sell only on given levels. The above chart is only for educational purpose. Make sure you don't trade blindly, reanalyze and trade
voltas"s viewvoltas forms inverted head and shoulder pattern and breaks perfectly. so expecting bullish movw till top of the pattern
