VOLTAS review - 1052 from 869, 21% gains & still more to comeNSE:VOLTAS
chart posted on 31st August 2023 when the price was 869
now it has made a high of 1068
21% gains till now and more to come
expecting 1300++
The objective of this analysis is knowledge sharing and education. There isn't any buy or sell advise in this article. Every stock is held for a short to medium amount of time and is positional.
It is expected of each person to carry out independent research and evaluation to ascertain whether my perspective is consistent with your studies.
link of 31st August 2023 article posted below
VOLTAS trade ideas
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 1060
🚨 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 - Coming out of consolidation after retestThe analysis is done on Weekly TF hence price may take few weeks to few months in order to reach the targets. Trade setup is explained in image itself.
After breakout, a major resistance becomes major support.
When price reverses from major support and breaks above major resistance zone, it signals towards a major trend change towards upside.
The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade
Checkout my other ideas to understand how one can earn from stock markets with simple trade setups. Feel Free to comment below this or connect with me for any query or suggestion regarding this stock or Price Action Analysis.
VOLTAS - A Risky BetThis stock has been underperforming with below expectation results. But with the technical indicators turning positive, one can take a risky bet on this stock. On the technical indicator, MACD line is crossing over the Signal line on weekly charges. Further, 20 DEMA is crossing 200 DEMA on daily charts indicating bullish trend in the short run. Further, there is rounding bottom formation on the daily charts. One can enter at 850 - 860 with a Strict Stop loss at 811. Look for short term target of 880 - 900.