Breaking Higher Within Ascending Channel—Momentum Building✅ The stock has been trading within an ascending channel, and it recently broke above the upper trendline around ₹1,659, indicating a potential continuation of the bullish trend.
✅ The 50 EMA has acted as dynamic support throughout the channel, consistently providing a base for the stock's upward movement. The price recently bounced from this level, confirming the strength of the trend.
✅ Volume has increased significantly during the recent breakout, confirming that buyers are stepping in and providing support to the move higher.
✅ The RSI is currently at 67 reflecting strong bullish momentum. If the RSI continues to climb into the overbought zone, it would confirm the breakout and support further gains.
VOLTAS trade ideas
VOLTAS for 1590+Voltas Limited is an Indian multinational home appliances company. It designs, develops, manufactures and sells products including air conditioners, air coolers, refrigerators, washing machines, dishwashers, microwaves, air purifiers, water dispensers. Voltas is India's largest air conditioning company by market share.
as I go through its quarterly results it seems to be a good number and chart is also looking good.
So, I am supper bullish on Voltas for upcoming weeks as Voltas has recently given breakout and waiting for his confirmation.
CMP: 1565
SL: 1520- 1525
T1: 1590
T2: 1610
Note: This is not stock recommendation it is only for educational purpose.
Voltas Bullish Trade SetupBullish Outlook: Voltas is showing a positive trend and appears bullish.
Breakout Confirmation: The stock has broken out of its 2021 range and has consolidated
between ₹1300 and ₹1400.
Entry Signal: Consider buying if the stock trades above ₹1600 with decent volume.
Stop Loss: Set stop loss between ₹1530 and ₹1500 to manage risk.
Target: Swing to positional targets of ₹2000 based on price action.
Recent Performance: Strong EPS results in the recent quarter support the bullish outlook.
VOLTAS GOING FOR MARS What Is a Bull Flag Pattern?
A bullish flag is a continuation pattern that appears within an existing uptrend. It’s like a little pit stop for the bulls—a chance to catch their breath before resuming their joyful gallop.
Imagine this: First, there’s a flagpole (the initial sharp price rise). Then, the flag appears—a period of consolidation, like a cozy picnic blanket spread out by the market participants.
The flag can take different shapes: sometimes a neat rectangle, and other times it’s angled away from the prevailing trend. (Variety keeps things interesting, right?)
Oh, and there’s a cousin called the bullish pennant, which forms a symmetrical triangle during consolidation. Fancy!
What’s the Psychology Behind It?
Despite the euphoric vertical rally (when prices shoot up like confetti), the stock refuses to drop significantly during the flag phase.
Why? Because the bulls are like kids in a candy store—they snatch up shares at any price, eagerly waiting for the next leg up.
Trading Insights:
Entry Point: When the price breaks above the flag’s upper trendline, it’s like the bulls shouting, “Onward, my friends!” That’s your cue to consider long positions (betting on further price increases).
Stop Loss: Set it just below the lower trendline of the flag. Safety first, even in the bull parade!
Target: Measure the length of the flagpole (from the base to the top) and project it upward from the breakout point. Voilà! You’ve got a potential target for the next move.
Market Strength and Liquidity:
When a stock or any financial asset trades with high volume, it indicates strong market interest and demand. Think of it as a bustling marketplace where buyers and sellers are actively engaged.
Conversely, low volume suggests a lack of interest. It’s like a quiet corner of the market where not much action is happening.
Price Confirmation:
Rising markets accompanied by increasing volume are typically viewed as strong and healthy. Imagine a crowd cheering on a runner—it’s a positive sign.
On the flip side, when prices fall with increasing volume, it’s a signal that the trend is gathering strength to the downside. Bears might be sharpening their claws.
Trend Confirmation:
A rising market should ideally see rising volume. Why? Because buyers need increasing numbers and enthusiasm to keep pushing prices higher.
Here’s the twist: A price drop (or rise) on little volume isn’t a strong signal. It’s like whispering in a crowded room—hardly anyone notices.
But a price drop (or rise) on large volume—now that’s attention-grabbing! It suggests something fundamental has shifted in the stock.
Exhaustion Moves:
Picture this: In a rising or falling market, we sometimes witness exhaustion moves. These are sharp price swings combined with a surge in volume.
At market tops, participants who’ve been waiting (and fearing they’ll miss out) pile in, exhausting the number of buyers. It’s like a crowded elevator—no more room!
Conversely, at market bottoms, falling prices force out traders, resulting in volatility and increased volume. It’s like everyone rushing for the exit.
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Consolidation Breakout - VOLTAS📊 Script: VOLTAS
📊 Sector: Consumer Durables
📊 Industry: Air-conditioners
Key highlights: 💡⚡
📈 Script is giving consolidation breakout on daily chart.
📈 One can go for Swing Trade.
⏱️ C.M.P 📑💰- 1594
🟢 Target 🎯🏆 - 1668
⚠️ Stoploss ☠️🚫 - 1566
⚠️ Important: Always maintain your Risk & Reward Ratio.
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VoltasAs per the chart we can see falling wedge which is a bullish pattern in lower time frame and strong support zone in higher time frame.
Buy above 1482 with the stop loss of 1474 for the targets 1490, 1498, 1510 and 1522.
Sell below 1466 with the stop loss of 1472 for the targets 1458, 1450, 1442 and 1430.
Check the live market updates.
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Note : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
You are responsible for whatever you do.
VoltasPrice is consolidating in the form of symmetrical triangle. As per this pattern break out can be in any direction.
Buy above 1485 with the stop loss of 1478 for the targets 1492, 1500, 1508 and 1516.
Sell below 1470 with the stop loss of 1478 for the targets 1462, 1455, 1448 and 1440.
Check the live market updates.
Hit the like button to Rock !! Show some energy !!
Note : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
You are responsible for whatever you do.
Reversal Broadening Wedge pattern in VOLTASVOLTAS LTD
Key highlights: 💡⚡
📈 On 1 Hour Time Frame Stock Showing Reversal of Broadening Wedge Pattern.
📈 It can give movement upto the Reversal Final target of Above 1595+.
📈 There have chances of breakout of Resistance level too.
📈 After breakout of Resistance level this stock can gives strong upside rally upto Above 1688+.
📈 Can Go Long in this stock by placing a stop loss Below 1427-.
VOLTAS LTD[cup&handle] VOLTAS LTD (NSE), we see a clearer depiction of a potential "Cup and Handle" pattern, which is a bullish continuation pattern. Here’s a detailed analysis of the chart
Cup and Handle Pattern
- The chart shows a cup-shaped curve followed by a slight downward handle, indicating a bullish continuation pattern.
- The breakout from the handle signifies a potential upward move.
Target Levels
- **1st Target (1st TRG)**: The first target is around 1800 INR. This is a near-term resistance level where traders might consider taking partial profits.
- **2nd Target (2st TRG)**: The second target is around 2400 INR, which aligns with the measured move from the depth of the cup.
. Volume
- The volume shows an increase during the breakout, which supports the validity of the breakout and the continuation pattern.
Buy or Sell Considerations
Buy Consideration: If you are looking to buy, entering around the current price (1534.25 INR) or on a slight pullback to the breakout level would be ideal.
Sell Consideration:
- Partial sell or profit-taking around the 1st target (1800 INR).
- Full or additional sell around the 2nd target (2400 INR) if the stock shows signs of slowing down or reversing.
The Cup and Handle pattern indicates a bullish outlook with a strong potential for upward movement.
- Consider buying around the current level or on a pullback.
Always ensure to monitor the volume and market conditions, and use stop-loss orders to manage risk effectively.
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VOLTAS MAKING COMPLEX CUP WITH HANDLE PATTERNPATTERN- The stock follows cup with handle pattern dilligently which can be seen from past also currently another cup and handle pattern is formed in it . the first cup with handle is marked with the yellow lines and inside it another cup with handle is formed which is marked with green lines
TARGET- The immediate target for the stock can be 932 in short term while for long term the target will be 1121
Voltas: Technical and Fundamental AnalysisStock Details:
Market Cap: ₹43,154 crore
Current Market Price (CMP): ₹1,304.20
PE Ratio: 171.15
Dividend Yield: 0.42%
52-Week High/Low: ₹1,502.30 / ₹745.00
Beta: 0.93
Technical Analysis:
Hourly Chart:
The stock opened with a gap down and has been experiencing slight bearishness.
The price is currently moving below the 20, 50, 100, and 200 EMAs, indicating short-term bearish pressure.
Daily, Weekly, and Monthly Charts:
In these time frames, the price has been consistently taking support at the 20 and 50 EMAs.
This suggests that despite short-term volatility, the stock is maintaining a bullish stance in the medium to long term.
Outlook:
Short Term:
The stock might experience a small correction due to current bearish signals in the hourly chart.
Medium to Long Term:
The stock is expected to be bullish given the support from 20 and 50 EMAs in daily, weekly, and monthly charts.
The company's strong fundamentals support a positive outlook over the longer term.
Given the above analysis, it may be wise to research further and consider adding Voltas to your watchlist for potential investment opportunities.
Research, Trade, and Invest:
Conduct thorough research to understand the company's fundamentals and market conditions.
Monitor the stock's performance, especially its movement around key support and resistance levels.
Be prepared to act on trading signals that align with your investment strategy.
Disclaimer:
This analysis is for informational purposes only and does not constitute investment advice. Always consult with a financial advisor before making any investment decisions.
VoltasPrice faced resistance at 1500 zone and had a pull back. Sustaining the current level may push the price to move up.
Buy above 1484 with the stop loss of 1478 for the targets 1490, 1496, 1502 and 1510.
Sell below 1472 with the stop loss of 1478 for the targets 1466, 1460, 1454 and 1448.
Check the live market updates.
Hit the like button to Rock !! Show some energy !!
Note : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
You are responsible for whatever you do.
Voltas: Bullish Momentum Continues, Potential Breakout Above 139The journey of Voltas since December 2023 has been nothing short of impressive, with a significant uptrend propelling its price from 900 levels. As it approaches the crucial resistance zone around 1400, traders are eagerly anticipating a potential breakout.
The recent bullish momentum suggests underlying strength in the stock, but caution is warranted at these levels. While the upward trend is intact, the resistance around 1400 could pose a challenge.
Traders should closely monitor price action, looking for confirmation of a breakout above 1395. A decisive move above this level could signal a continuation of the upward trend and offer compelling trading opportunities.
Additionally, keeping an eye on key support levels and employing risk management strategies are essential to navigate the market volatility. Stay vigilant and adaptable to capitalize on potential opportunities while mitigating risks.