VOLTAS trade ideas
Voltas rising wedge towards a resistanceVoltas is forming a rising wedge and the current price is very near to a resistance zone . It might go and retest the zone and then fall.
VOLTAS - TREND LINE SUPPORTVOLTAS TAKING SUPPORT OF TRENDLINE
HIGH RISK TRADE - AGAINST THE MKT
GOOD TILL IT BREAKS AND SUSTAINS BELOW 690
BELOW 690 CLOSE VIEW NEGATED UPSIDE 717/738
INTRADAY LEVELS for tuesday 27/10/2020ALL LEVELS ARE MENTIONED ON THE CHART. Watch my other charts to understand the simple price action used for all of the analyses. Never risk more than 3% of your capital on any trade
VOLTAS A break below 701, stock might dive towards 695/685
Stop Loss : 711
Disclaimer:
The content of the idea and the interpretation of data are solely my personal views which being said I do not warrant its completeness or accuracy.
This idea published is purely intended for educational and informative purposes, I urge traders to make their own trading decisions based on their specific trading objectives and financial position.
VOLTAS BUYVoltas took support at trend line, good for short time trade entry for a target of 730 with stop loss of 656
ascending triangle pattern in VoltasSupply zone is 704-714
closing above this level can lead to good upmove 741 and more
support zone 650-600 which is also fibbo level 78.6% and 61.8% and 200SMA support
also good volume form last few sessions
VOLTASIm not an expert im just sharing my views on VOLTAS for tomorrow
Im not responsible for any profit or loss this is not a recommendation
Intraday / Swing Setup: Looks good for 715/730 with SL of 690Intraday / Swing Setup: Looks good for 715/730 with SL of 690 for intraday and 685 for swing trading. Enter between 695-700. Price has already done confirmation.
Note: I am not a SEBI register and view is only for educational purpose as well as personal, always consult your financial advisor before investing or trading.
#VOLTAS look for rejectionRejection at the above zone can show some weakness till 700 and 685 levels. Look for some good confirmation.
Regards
VOLTAS, ASCENDING TRINAGLE BREAKOUT (CHART# 339)VOLTAS has given ascending triangle breakout on Friday. Above 703, it can move further up and below are some key resistance areas to watch out.
1. Trend line from Feb (blue color) - 709-10
2. Year long resistance zone (yellow color) - 720-26
If VOLTAS manages to cross both these hurdles then it can move to new high. Friday's volume was also very good which was news based due to change in policy on refrigerant import.
Watch my other charts to understand simple price action used for all of the analysis. Keep your charts simple and free from lagging indicators.
Thanks
Piyush Gupta
#Oct16 - Voltas (intraday+swing) - Ascending triangleFollow the levels provided below:-
Buy above 676
Sell below 671
Note:
Avoid the stock if a big gap up or gap down is seen
Enter after the breakout happens and not before it
Do not chase the market, i.e., do not get involved in late entries
Only enter with strict stop-loss and target
This is not a recommendation and is for educational purposes only.
always follow risk-reward and quantity management for the 100% of the times
The above mentioned idea may not work, so beware of the risk you are taking
Follow me on tradingview to get such intraday and swing picks everyday.
Happy Trading!!
VOLTAS is about to break it's long time uptrendTake entry only when it satisfies these conditions :
1. It breaks the uptrend in a downside move.
2. The breaking candle is high in volume.
3. Wait for the retest as it is very very important in this case.
4. Set the Target and Stop Loss as soon as you enter the trade.
Do let me know if you have any doubts regarding the trade.
