VOLTAS trade ideas
Voltas Voltas is showing early sign of higher bottom formation and may eventually give a double bottom breakout in coming weeks.
Stock is trading around 61% retracement level of Covid low to ATH run up and has previously given a falling wedge breakout around it in Jan.
After giving a decent run up from there it has retraced back and has now been at fibo support zone along with a long term trendline support,
So a confluence of support zone.
In previous week it has made a inverted bullish pinbar and current weekly candle is showing a sign of reversal around it.
Overall setup looks quite spicy and is very similar to early higher bottom catch which I had shared some time back in Bajfinance.
Link to that idea is available in Related idea section.
VOLTAS HAS MORE STEAM LEFT FOR MORE UPSIDEVoltas has good support zone around 1035 - 990 and until this is holding we expect to see another upmove towards 1250 - 1300 zone.
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Happy Trading!
InvestPro India
Rectangle pattern breakoutDaily timeframe volume profile look good enough.
Rectangle pattern breakout with good volume.
Daily timeframe price has taken support from 50EMA.
Weekly profile also looks good.
Good setup for both intraday and swing if breaks present candle high.
NOTE: I do my analysis, do your before trade.
VOLTAS - Ichimoku Breakout📈 Stock Name - Voltas Limited
🌐 Ichimoku Cloud Setup:
1️⃣ Today's close is above the Conversion Line.
2️⃣ Future Kumo is Turning Bullish.
3️⃣ Chikou span is slanting upwards.
All these parameters are shouting BULLISH at the Current Market Price and even more bullishness anticipated AFTER crossing 1152.
🚨Disclaimer: This is not a Buy or Sell recommendation. It's for educational purposes and a guiding light to learn trading in the market.
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Voltas - Breakout with Higher LowsNSE:VOLTAS has broken out after over a year of consolidation.
Voltas started making higher bottoms after making double bottom pattern.
Stock is showing great volumes.
CMP 977
Breakout level: 930
SL: 899
Target: 1125
Stock can come back to its breakout level to retest the breakout. Retesting of breakout makes the breakout stronger.
Note: It's weekly chart analysis. Don't think short term based on this analysis.
Remember: SLs are essentials.
Disclaimer: I'm not a registered analyst. I'm just sharing my opinion on the platform for others to benefit in learning from my market understanding. Please do your due diligence before making a trade.
Voltas Breakout Swing Trade Idea Hi friends Good morning Sharing my swing trade idea on Voltas limited and probabily it is the last one for the year of 2023 mates, So as we can see that after making all time highs of 1350 levels all the way price came down 740 levels and it was almost a fall of 45% from all time highs levels. So now the observation is this that price seems to be bottmed out on this provided chart by making a double bottom formation and now by the clsoing of last week price breached (Breakout) strong resistance area from where it got rejected two times at the same price levels and formed a double too and as i mentioned above that by this breakout price breached that double top along with resistance area and some how it is seems a symmetrical triangle breakout too before it breached marked resistance area.
Retest entry-: 930-915 levels are looking good for a breakout retest entry guys although price retested it's breakout too one can check on daily time frame.
Target and risk management-: Stoploss and targets both i marked on published chart for clear and better understaning and transperency friends, Hope you like it !
This publication is meant for only learning purpose, it is not any kind of trading advice.
Best Regards- Amit
“Hope is a bogus emotion that only costs you money.” -Jim Cramer
Voltas moving in green. Intraday trade for 01/02/24.Voltas on the daily close has given a break out of the resistance zone around 1050-60.
It made a base around the 20 DEMA and given a nice move with good volumes.
Bullish entry can be made in the stock for positional trade for a ultimate level fo 1230.
Intraday entry with 1140 as target can be initiated and a stict SL should be kept as tomorrow is budget.
Target :- 1140, 1230
Support :- 1082, 1055
Enty :- Starts trading above 1095 levels.
Crossing the resistance level of 6 month can give some buying momentum.
Wait for the price action near the levels before entering the stock.
VOLTAS - Ichimoku Breakout📈 Stock Name - VOLTAS Ltd
🌐 Ichimoku Cloud Setup:
1️⃣ Today's close is above the Conversion Line.
2️⃣ Future Kumo is Turning Bullish.
3️⃣ Chikou span is slanting upwards.
All these parameters are shouting BULLISH at the Current Market Price and even more bullishness anticipated AFTER crossing 1093.
🚨 Disclaimer: This is not a Buy or Sell recommendation. It's for educational purposes and a guiding light to learn trading in the market.
#CloudTrading
#IchimokuCloud
#IchimokuFollowers
#Ichimokuexpert
Excited about this analysis? Share your thoughts in the comments below!
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Falling Trendline Breakout & Double Bottom Pattern in VoltasHello Traders, i have brought another analysis on a pattern breakout which called (Falling Trendline Breakout & Double Bottom Pattern Breakout). Well i have marked and written most of the things on chart, but still i am gonna to teach you here guy's about this pattern so if you see this next time, at least you guy's will be able to trade. So Let's start:-
Q:- What is Double Bottom?
Rahul:- It is a Bullish reversal pattern that appears after a defined downtrend and signifies a meaningful reversal on completion of the pattern. This Pattern is easy to spot on chart. It resembles with English letter "W". This pattern shows that sellers have lost the battle and the price is likely to go up from here on.
Now, a long entry could be taken once the price breaks the neckline o the upside, but guy's here we have not seen proper neckline breakout, But still momentum is bullish from here, so in the anticipation of neckline break, we have taken our best entry in the range of 880-850, and we have kept our stop loss at 778.
Guy's so this was the Double bottom pattern setup. So if you see this type of pattern in any stock you can trade now accordingly.
So now let's focus about company background.
Voltas is engaged in the business of air conditioning, refrigeration, electro - mechanical projects as an EPC contractor both in domestic and international geographies (Middle East and Singapore) and engineering product services for mining, water management and treatment, construction equipments and textile industry.
Market Cap
₹ 28,789 Cr.
Current Price
₹ 870
High / Low
₹ 994 / 737
Stock P/E
87.1
Book Value
₹ 165
Dividend Yield
0.49 %
ROCE
9.74 %
ROE
4.42 %
Face Value
₹ 1.00
Debt
₹ 651 Cr.
EPS
₹ 4.70
PEG Ratio
-5.52
Promoter holding
30.3 %
Intrinsic Value
₹ 126
Pledged percentage
0.00 %
EVEBITDA
42.8
Important levels for Voltas Ltd.
Buy in between 880-850.
Targets we can see 1047/1332/1460+
Keep Stop loss at 778
Price is above 200 EMA( Even we got Breakout of 200 EMA on friday session).
We have seen Proper Breakout of Falling Trendline Pattern and Double bottom also.
Price is sustaining above breakout trendline.
MACD and RSI has given bullish crossover (I have not placed RSI here as i want chart neat and clean but i have analysed already)
Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades.
Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's.
Thankyou.