Expecting Voltas to correct to 490 levelThere is potential gap expected to get filled which is at least 8 to 10% correction
CMP : 543
Sl : 550
Target : 490
VOLTAS trade ideas
VOLTAS | BEARISH PATTERN | Descending TriangleFor the past few days, its Consolidating in a range. Making a Descending triangle pattern.
Now it may break downside. Let see tomorrow.
For me it looks bearish below 530
may fall up to 500-510
Shower some LIkes!! If it Helps! :)
Cup & Handle pattern forming on Daily chart of VoltasCup & Handle pattern on Daily Chart of Voltas
Entry 1 - 570,
Entry 2 - 586 on breakout
SL - 520
Target - 720
* I'm learning chart patterns as of now. You can plan your trades accordingly if you know how to trade these patterns.
Synergistic Pattern: Advance pattern (W + Flag) + 'W' within 'W'Levels are mentioned on chart for Swing trading.
Please check the description section for early entry level in given stock to get better Risk to Reward ratio.
Kindly like & share this pattern. Comment with what do you think.
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Early entry: 550
SL: 530
Target: 650
RR: 5.0
Thank you. Happy Trading!!!
Best Regards,
Dr. Shamraja Nadar,
PhD in Technology.
Disclaimer
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All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
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Voltas Trade Setup & Elliott Wave Count !!TREND ANALYSIS & TRADE SETUP
Elliott Wave Analysis.
Follow Chart Instruction.
Do not be Hurry for entry.
Wait for Proper Entry Setup.
Buy/Sell with Best Risk Reward.
Educational Chart Only.
Wait for entry setup, if available then Long/short.
Reward is 5-8 Times
Voltas Flag 🚩 and start of 5th waveMust sustain above 550 on 15 min to confirm breakout. Conservative can watch 557 close on 15 min chart to confirm breakout. Positional SL 535. All other details in chart.
VOLTAS Trading SetupDisclaimer: All charts are purely for educational and information purpose only. Invest or Trade at your own risk.
voltasNSE:VOLTAS
voltas descending triangle breakout happend on the up side expecting upside target marked on the chart
only for educational purpose
it can be a trap also desending triangle (bearish sign)
a gap pending below
VOLTAS may Wonder above 560 :: Parallel channel breakoutParallel channel breakout : Flag pattern form
Bullish Abv 560 for Targets 580 600 SL below 550
Bearish below 530 for Target 500 SL abv 540
