Voltas is looking for a breakoutVoltas is looking for a breakout
We can see voltas in 1200-1300 range.
VOLTAS trade ideas
voltas at important zoneprice in dowmward channel in voltas and just taking support at the
confluence of the upper trendline of channel and also horizontal support zone
shown , broken channel can show further downside in voltas
Voltas - Triangle breakout - 16% opportunityTriangle pattern is about to BO.
CMP- 971
Target 1 -1090
Target 2: 1130
VOLTAS_EXPLOSIVE MOVE IS YET TO COMEKeep eye on VOLTAS.
This can show a good momentum in near future.
(For educational purpose only)
Voltas - Falling wedge - breakPrice forming falling wedge pattern and it is currently moving from the trendline support, it is expected to break the wedge and trade high.
Voltas trading in same range from past few sessions.Depending upon day's strenght buy/sell can be initiated ..Important zones are marked on the chart.
Voltas - Inverted Head and Shoulders Pattern1. Voltas has formed an inverted head and shoulders pattern
2. Stock is taking support at 50EMA in Daily timeframe
3. There has been pickup in volumes in the past three days
4. Stock is forming HH(Higher high) and HL(Higher low) in 1hr TF
5. Sales are expected to be better this quarter owing to onset of summer and it's peer LG has declared very good results
Target and Stop Loss level are mentioned in the chart
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Happy Trading!
VOLTAS Short Term BullishConsidering the extreme Summer conditions yet to come in India. Also the highlighted portion shows that the Stock is currently into consolidation phase. So with 10-20 Days time Horizon a target price of 1000 with stop Loss at 910. and for up to 3 months holding period we can se a rally up to 1100-1125 range by mid of July.
Voltas giving a long opportunityVery strong uptrend, continously taking support of a trendline and now giving a pullback with volume contraction and falling wedge formation. Currently the price is at a confluence zone of trendlines, could give a bounce from here, and a breakout of the wedge would confirm a possible good upmove.
