VOLTAS trade ideas
VOLTAS, TESTING MID TREND LINE (Chart# 319)VOLTAS looks weak below 545. Market is in over sold zone and can see some recovery or sideways.
If market stays negative in the initial session, this can show movement below 545.
Many more trades shared in our group. Focus on simple price action to get best results.
Thanks
Piyush Gupta
Voltas Ltd. DAIL CHART VIEW!#VOLTAS
Voltas Ltd. is in a uptrend within a wedge like structure.
The stock had a flag break out.
Staying above 682, it is poised to approach February swing high 742 or flag pole projection 780.
But Friday's candle created a potential bearish engulfing pattern, hence staying below 680, it can see a correction towards mid bollinger approx. 660.
Professional Out Look Some one Just asked me about my view , so I am posting for them to understand how Professional view and take decisions during trade set ups
Most of them have read Elliott wave book or Saw Video or Paid for Mentor , its OK i agree because they did not had any study materials they had to depend on
Availability,
The Quality of available study material is very less even after so many years the Hypothesis theory is out
R N Elliott died in 1948 , since then people have been adding content in his original theory and they are selling it without knowing the proper results ,
My today Presentation should be Eye opening to those who claim they know everything
Market dynamics is not based on theory its based on Mass psychology , and if you can read the mass psychology in guided method then you can apply the Elliott wave theory
in properly manner to get the Maximum results in trading stocks or Futures
This scrip has Completed its Wave 3 on primary cycle and its about to complete its Wave 4 , currently its ending its move in wave (B) as ending diagonal where
((a)) and ((b)) are very sharp and small in structure and wave ((c)) have developed 5 wave making an ending diagonal after completing today move
One can wait for this week end for trend termination and look for short sell set up
Good luck
VOLTAS is Making Ascending Triangle Pattern (Breakout Trade)Voltas Limited : Home Appliance Company ( NSE:VOLTAS ) is Making Ascending Triangle Pattern (PATTERN BREAKOUT TRADE).
This can become a very good trade for INTRADAY traders.
Target + StopLoss: There is no target here. You keep the first target as much as the StopLoss you put. And the StopLoss will be the Low/High of the candle that broke this pattern. Or Low/High swing backward inside the pattern.
And as soon as you get a profit of 0.50% of your target, you will trail your StopLoss and bring it to the entry point. And as soon as your first target is hit, you will release half of your total quantity and continue to trail your StopLoss above the last swing Low/High.
Target and StopLoss are never already fixed in the chart pattern.
Thank you.
You always have to trade only by money management, position sizing, StopLoss trailing. This is the way to stay in profit.
Chart Published By Ravinder Sharma
VOLTAS is Making Descending Triangle Pattern (Breakout Trade)Voltas Limited : Home Appliance Company ( NSE:VOLTAS ) is Making Descending Triangle Pattern (PATTERN BREAKOUT TRADE).
This can become a very good trade for INTRADAY traders.
Target + StopLoss: There is no target here. You keep the first target as much as the StopLoss you put. And the StopLoss will be the Low/High of the candle that broke this pattern. Or Low/High swing backward inside the pattern.
And as soon as you get a profit of 0.50% of your target, you will trail your StopLoss and bring it to the entry point. And as soon as your first target is hit, you will release half of your total quantity and continue to trail your StopLoss above the last swing Low/High.
Target and StopLoss are never already fixed in the chart pattern.
Thank you.
You always have to trade only by money management, position sizing, StopLoss trailing. This is the way to stay in profit.
Chart Published By Ravinder Sharma