VOLTAS trade ideas
Medium term trend is downVoltas- Strength followed by weakness. This is killing of bull trend.
Elliott- This is double zig zag. The second one has started in my view. X is a Flat corrective pattern. That the second rally could not even reach 930 is a subtle indication of weakness.
Fib - That the rally cannot go above 38.2% is an indication of further weakness.
short term rally likelySupport at 61.8% . A double bottom, Break of the falling trendline and retest. All indication of the stock preparing for a short term rally. I think minimum 857.
Bull run for #voltasHello investors,
Voltas completed 2 wave of correction ready for 3rd wave bull run
Key principles of Elliott Wave Analysis:
Wave Structure: According to Elliott Wave Theory, price movements in financial markets consist of a series of waves that can be categorized into two main types: impulsive waves and corrective waves.
Impulsive Waves: These are the waves that move in the direction of the dominant trend. They are labeled with numbers (1, 2, 3, 4, 5) and represent the primary direction of the market.
Corrective Waves: These waves move against the dominant trend and are labeled with letters (A, B, C). They represent temporary counter-trend movements.
Counting Waves: Elliott Wave analysts look for patterns and attempt to count the waves to determine where a particular financial market is within its larger trend. The complete cycle consists of five impulsive waves (1, 2, 3, 4, 5) followed by three corrective waves (A, B, C). This pattern is then repeated in different degrees within the larger trend.
Voltas TargetChannel breakout done
Target 900+
I have already share this buying at 824 levels now this is at 843
Voltas - Explanation of my yesterday's analysis
I have used the same words on the chart and repeating them here also for the purpose that you can read many times and understand the level of analysis. Firstly, read here and then alongwith chart.
Some one has asked me a question or in other terms raised a doubt regarding Voltas. His/her view is that Voltas is in downtrend before a level of 844.
1. I am happy that a question has been asked and this is an opportunity for all to elaborate and learn.
2. As per my understanding, downtrend starts when the low of previous swing is broken. But, if low is not broken after a prominent high, it is just a retracement.
3. But a question arises as to how can we say that retracement has completed and there will not be any further fall?
4. Generally, it is said that we should buy only when there is pull back up to 38.6%.
5. Now, two red parallel lines have been drawn, lower on at 23.6% and the upper one at 23.6%, if we buy only after 38.6% we are going to loose the profit in between. But, sure risk is greater.
6. Now, to reduce the risk, we should have the expert knowledge and check from other angles like drawing of waves, channels and other means to be used like overbought - oversold situations etc. . For this we can use RSI or William's R%.
7. For example, I have drawn waves in white for all of us to understand things properly without numbering them just to show the movement.
8. Drawn is a channel in green which shows you probable future movement pictorially/geometrically.
9. Lastly, to be very sure about the future movement, we have to do the time analysis and then wait for the levels to be attained and maintained and if we are not experts in this, simply use moving averages at the lower levels.
10. How, the levels are to be chosen? Answer is W. D. 4H. H and 15m is the best way.
That is why I always request you people to comment and ask as many questions as you want, I will try to answer all the valid question, because it is the only way to understand and improve.
Voltas - Long
1. Price of Voltas is coming out of the yellow triangle.
2. Voltas trading above 23.6% Level of Daily Swing.
3. 820.2 is an important Level being 25%.
4. 819.8 as marked by white horizontal line is a strong support,
5. Buy only above high of candle 11-20-23 11:47 AM.
Disclaimer: I am not a SEBI Registered Analyst. Please consult your financial advisor before making any decision. I will not be responsible for any of your profits/losses. This is only for educational purposes.
Let you grow. May! I follow you
VOLTAS - Weekly AnalysisIn the Weekly Chart of VOLTAS ,
we can see that; it is same rage since 4 weeks.
If it moves upward, we can see a W pattern breakout.
Enter at 840 with SL as 810.
short tradepurely based on my ichimoku based study
short trade initiated for target range 830-827-823
stop as per comfort
disclaimer - trade @ own risk
Voltas - Swing Levels
Presenting the swing levels for Voltas Limited. Please adhere to the levels mentioned and use other indicators like William's R% and other indicators for execution.
Disclaimer: I am not a SEBI Registered Analyst. Please consult your financial advisor before making any decision. I will not be responsible for any of your profits/losses. This is only for educational purposes.
VOLTAS 30-10-2023VOLTAS is an interesting chart with following
1. ABCD Pattern under formation
2. Price took support @ 20 week SMA i.e. 820
3. Looking bullish for target of 900
Disclaimer: I am not an expert I just share interesting charts here for educational purpose and not to be taken as buy/sell recommendation. Please seek expert opinion before investing and trading as trading/ investing in market is subject to market risks. I do not hold any position in the stock as on date but I may look to buy on dips with my own Risk Reward matrix
Wedge Pattern breakout on weekly chart of VOLTASLooks like Voltas may break the wedge on the weekly chart.
Buy above - 833, SL - 794
NOTE:- Please maintain good Risk to Rewards as per your risk appetite.
voltas long price crossed 200 day EMA and defending it
price bouncing from 18 day EMA
18 has crossed 50 day EMA upwards
voltas enters buy zoneThis is a contrarian call. Voltas has been languishing from highs of 1300 in feb 2022 to 800 now.
A three fan pattern had been formed in August and then it jumped from 800 levels to 900.
A three fan pattern is a bullish reversal pattern.
This pattern was formed earlier in BOB@40 and RBL@90. If it can hold stop loss of 740, Voltas can give good returns.
Dont forget we have festive season and year end discounts around the corner
Entry: 800-820
stl: 750
target1 : 920
targer 2: 1050
Disclaimer: I do own voltas and may exit when I see fit
📈 Exciting Bearish Pattern Alert! 📈 Exciting Bearish Pattern Alert!
📊 Pattern: Falling channel
📌 Symbol/Asset: VOLTAS
🔍 Description: Stock is not crossing Resistance. And now in a falling channel. If support is hold of channel then we might is pullback. We might see downside till resistance dont cross.
👉 Disclosure: We are not SEBI registered analysts, this is not a buy or sell recommendation. Technical patterns are just one piece of the puzzle. Consider conducting further research, consulting with a financial advisor, and managing your risks appropriately.
VOLTAS swing. move UPTREND 5% to 10%We can observe that the stock is forming a curved pattern, and it appears that in the upcoming days, it has the potential to reach its resistance level or attain its first target. This could signal a positive trend development, but it's essential to monitor the stock's performance closely for confirmation.
target- 920 , 935
voltasby looking at weekly and monthly charts it looks downtrends, only for risky readers, also use only 20-40% capital only
Voltas buy 900 ce option oct expiry tgt 30Rounding fornation with crossover of MACD and uptrend resume ....clearly buy for a week ......SL 10 for 900 ce oct expiry
VOLTAS have good risk reward nowStop loss would be below demand zone (horizontal line) ~720
Target would be ~930 (Previous supply zone)
this is not a trade call. it is only for educational purpose.
Voltas - Long 970 levelsVoltas looks set to touch 970 in coming week. Voltas has come out of consolidation and set to make a come back. We may also see a short covering rally in Voltas.
EI-Nino Impact: Keep watch on Voltas This year India may face drought due to monsoon deficit. Considering this potential situation, high probability of heat waves hence soaring temperatures across Indian cities. Hence AC manufacturers demand raise.
Voltas is biggest AC manufacturer and best stock to buy in such situations.
