VOLTASNote: This is for educational purpose only.
VOLTAS has broken downward sloping channel on the upper side. BUY if it sustains above 950 levels.
BUY ABOVE- 950
STOPLOSS - 936
TARGET 1 - 960
TARGET 2 - 970
VOLTAS trade ideas
VoltasBuy above 912 with the stop loss of 905. Targets are 919, 928 and 936.
Sell below 898 with the stop loss of 905. Targets are 891, 883 and 876.
voltas head and shoulder patternfound break of trendline and resistance, completion of head and shoulders pattern in 15mins timeframe. my traget was according to fibnoachhi.
Voltas seems to move in a Bullish pennant patternVoltas testing the resistance of bullish pennant. Seems good if it moves above 918 for a target of 990+ levels. View negated if it moves below 885 level.
Disclaimer: - These views are for educational purpose only and not a recommendation.
VOLTAS | TRADING IN A RANGEAfter retracing upto 0.5 fibo level now its trying to cross the resistance zone.
But as per volume it looks weak to break the upper resistance level. So, Keep eye on volume activity during breakout.
If it break & sustain above the supply level then good to go long or it will get back to its channel again if it fails.
Voltas - Trendline BreakoutNSE:VOLTAS already given on Jan 3, 2021.
It moved from 834 to 910, almost 9% in 5 trading sessions.
And now it gave another breakout at major trendline.
I personally think that it will pullback and move upside.
** Always do your own analysis before taking any trades...
VOLTAS gives a Clear Breakout: A good buyOne can consider buying Voltas as it has given clear breakout from it's previous important
resistance. The stock has also started performing well when compared to NIFTY 50.
Keep Stop loss at 690 and Buy for 1st target (or profit booking zone) of 850 and 2nd target of 890.
Voltas | Butterfly Pattern | Interim pattern| HourlyNSE:VOLTAS
Interim pattern.
Buy above 829 till 865.
VOLTAS due for CORRECTION or NEXT LEG UPVOLTAS is making a rising wedge pattern.
The obvious move will be a break down of the wedge as suggested by the Divergence on RSI.
Since price is moving up but momentum is slowing, a correction is expected.
This is a short term market move and post a 3-5% correction, stock will continue it's uptrend or go into consolidation.
Short below 820.
Target 1- 800
Target 2- 784
STOP- 830
NOTE:- Trade at your own risk.
VOLTAS Channel breakout NSE:VOLTAS All the levels are mentioned in the chart. Can move towards 850/900++... 800 can be psychological stoploss...
Note:
1. Views are personal. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline not the big target...
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