VOLTAS trade ideas
SHORTING OPPORTUNITY ON VOLTAS FOR JUNE 8 2020Price rejected two times at a KEY RESISTANCE LEVEL that is respected since March. the chart is likely to form a double top pattern as you can see a rejection on price trying to break the KEY RESISTANCE LEVEL at 581rs.
If the price is rejected, when the market is opened, it seems like a good entry for shorting.
else if the price breakout of the key level with very good volume, you can go Long with your stop loss below the KEY RESISTANCE LEVEL.
VOLTAS : WHAT NEXT FROM HERE price action can move the stock towards 510
when it trades above 470 for two sessions or more.
sell the stock in the range 510 to 520 keeping sl 533
targets 482/469/445
VOLTAS CASH : LOOKS WEAK BELOW 563VOLTAS CASH
03.06.2020
LOOKS WEAK BELOW 563
STOPLOSS 572
TGT 554/543
CMP 568
Voltas above 545 VOLTAS closed with strong bullish candle & considering the market trend, we can see further potential upside in this.
If sustains above 545 - > we can go for long
Above 545, we can targets of 555/572
Pls add to watch list & trade as per trend.
[Intraday] Voltas Gamble on Modi SpeechWill explain later after market. Assume it hit so and enter it.
#VOLTAS #NIFTY #BULLISH #TRADING #INVEST #TECHNICAL #NIFTY50 Low Risk High Return
Morning Star Formation in Voltas Shares
Strong Support zone since 2017
Trend Reversal
Price Action
First Target 450
Next Target 475
If Sustains High Upside
Stop Loss 425
