VOLTAS trade ideas
Voltas Upside BreakoutVoltas about to breakout upside.
The trendlines are drawn as per 5 mins candle consolidation but trading view doesn't allow to publish 5 mins charts.
Diwali Over! IS VOLTAS going to FALL?Voltas being the primary beneficiary of Diwali Consume Durables Rush has grown with big green candles. So chart suggests the growth leg is complete now. Just waiting for Sell Signal by Zeta Scanner and lets not miss this opportunity to buy Puts... :)
BULLISH On VOLTASTrendline (using pine script)and the specially designed volume action analysis(using pine script) suggest a bullish run on the VOLTAS.
This is my weekly analysis on VOLTAS ,RESISTENCE becoming the new support line.
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Voltas breaks 13 months of resistance.Price breaking 13 months of resistance.
Before breaking the resistance price clearly forms a pattern and it breaks the pattern.
Parallel channel, breaks 700 resistance after 3 months, triangle pattern - Then comes the breakout after 13 months !!!
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#VOLTAS Moving up#voltas might face resistance around 741/44 levels, once breaks it decisively, it might move towards 768/800 levels.
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Voltas- Breaking BigVoltas has followed the trendline and respected it multiple times and while riding that trendline it reached 52 week high and today broke out after touching it multiple times.
Weekly Chart for the reference.
Today's Closing looks to be strong as volume is decent today. If we have patience then this stock might give us more than 40-50% returns in next few months. Few months doesn't mean 1 or 2 months . It broke about after 171 days so returns mentioned above can be expected in around same number of days.
Keep an eye folks and Cheers.
Disclaimer:- I am not SEBI registered. Trade with caution and trade with your own risk.
Voltas - breaks long term resistance. Price breaks the pattern and reached the long term resistance levels if closes above this resistance then one can look for long till the previous high levels.
