VOLTAS Trade SetupThis Analysis Is Done Only For Educational & Intelligence Purpose, Invest Or Trade At your Own Risk & Will.
VOLTAS trade ideas
Voltas , Break !!!!!!Further breakout will lead to 580 / 620 respectively !!!!
Be simple with charts
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VOLTAS Pullback BreakoutVOLTAS showing a clear pullback move on daily timeframe candle.
Preceding impulsive red candle with a large range followed by a small ranged green candle, hence trade the breakout of the pullback green candle in either direction.
Long above 559.1
Short below 544.9
Target 1% in either direction.
NOTE: Trade with confirmation of momentum & volume on lower timeframes in intraday.
Voltas Falls from the Resistance Zone.Once Again Voltas share has been rejected by the Resistance zone as appearing in the chart. Now this can be short below the level of 545 for the next level of 535-531 for swing or intra day entry. As below this level stock will be trading the below 50 EMA. So add the stock in your watch list for further price action .
Always do trading as per your Reward to Risk ratio means Never risk more than you can afford to lose on a single trade. Please keep patience & wait for the levels means Sit and wait for the right opportunity. The idea sharing is for educational purpose only. In case any suggestion advice required feel free to ask .kindly follow & like for more educational ideas.
Voltas - Head & Shoulders TopVoltas has formed a Head & Shoulders top on 15 mins Time Frame.
Initiate Short.
Target 1: 520
Target 2: 500
Stop Loss : 565
VOLTAS - Time to cool downVoltas is up with huge gap ups, gaps need to be filled hence here must be retracement for now till 555 with the stoploss of 590.
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
