Voltas good support bullish from hereVoltas Limited is a leading air conditioning and engineering solutions provider in India. When assessing the bullish potential of a stock like Voltas
VOLTAS trade ideas
Buy analysis on voltas currently voltas is looking good for swing , as result week is ahead , it might go up to 820 levels,
Disclaimer- only for education purpose
Voltas - Looking Good for swingVoltas - Looking good
On daily time frame have good support.
Above 20 EMA
Supertrend also Bullish.
Inactive Below 745.
Immediate targets-780-800-820
Good to Trade in cash and Futures
Enter in options only after breakout of 780.
For Education Purpose only
VOLTAS - Weekly AnalysisIn the Weekly Chart of VOLTAS ,
we can see that; it is at make or break situation.
Possible momentums are shown in graph.
Wait for next week & then take you trade as per your Risk Ratio.
poor chart voltas strong bearish chart
Voltas Limited is a leading Indian multinational company specializing in air conditioning and cooling technology.
VOlTAS Important levels to watch. Voltas LTD is falling sharply past few days, Now it has come very close to the support region.
the immediate support and resistance levels are marked on the chart.
#support : 737
If the stock manages to close below the support level on daily closing basis, the stock may expect to test the next support level in few sessions which is marked on the chart at 680.
in other case, if the stock takes support at the given level and bounces back it may reach towards the trendline resistance plotted on the chart. If the stock breaks out from the trendline resistance then we may expect the targets till next immediate resistance marked on the chart.
so watch the price action and keep the stock on radar.
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Disclaimer: This idea is just for educational purpose, please do your own research before initiating any trade.
VOLTAS is near Demand ZoneVoltas daily basis chart is showing us clear symmetrical triangle and it is breakout basis.
So, If it will break upper resistance line, it will move up and same vice versa.
I am assuming it will go up due to trading above it's demand zone.
CMP 796 around
Target 825, 864, 1035
Short mid long Targets.
SL: 770
Risk is yours and Reward is too yours totally.
Time Frame : 1 year minimum
VOLTAS LOOKING GOOD Voltas has entered a great quality ddz with wdz support . Also it is forming falling wedge and has the support of lower trendline of the pattern. We can expect Voltas to fire from here with first target of upper trendline and can also give bo of falling wedge pattern.
#voltas #long
Voltas stock in bearish modeLook Weak chart of Voltas. The chart is forming LL and LH. A very high probability that stock will breakdown the support area. can take short entry below 745 for the next level of 700-690-685 with SL of 770
Voltas dips 4%, nears 52-week lowVoltas dips 4%, nears 52-week low on concerns of tepid growth in RAC biz
As per management, the Room Air Conditioner business did well in April, but Voltas saw below-expected volume growth in the key month of May due to unseasonal rain.
Voltas, part of the Tata Group, is engaged in the business of air conditioning, refrigeration, electromechanical projects as an EPC contractor both in domestic and international geographies (Middle East and Singapore) and engineering product services for mining, water management and treatment, construction equipment’s and textile industry.
VOLTAS Chills down to its Major Support ??!!Chart patterns look optimal for a short trade in Voltas
Reasons
1. VOLTAS has been taking support at the its 10 YEAR OLD SUPPORT TRENDLINE (bright green line- from 2013 till now )
2. Right now, it is in its downswing move inside the channel pattern.
3. [b ]Inverted Cup & Handle pattern too formed and given BREAKDOWN today (27/04/23)
4. As per pattern, target amounts to the depth of the cup(nearly 100 points)
5. Target levels shown @ chart(horizontal dashed green lines)
6. Breakdown candle is more than 5 % and SL gets difficult to place....Safer SL can be day closing above 822
7. Lower low too formed increasing the probability of down move.
Even if you don't short, It's better not to go long now....
Let's wait & watch how it moves!!!
Note - Just sharing my view , not a tip nor advice!!!
VOLTAS PULLBACK (LONG TRADE ) NSE:VOLTAS
Reasons to go long :
1. Reversal from the golden reversal level of 61.8% fib level .
2. Trend Break + Retest Done
3.Very strong buying (bullish volume ) today (10-02-23).
4. Volume profile indicator showing no major resistance till 1000 lvl.
5. Q1-Q2 earning will increase ( summer months )
Voltas upcoming move prediction (19/06/23).The stock has been consolidating in a descending triangle pattern and previously given huge targets after the consolidation phase.
It has shown a bearish moving average cross over on the weekly charts and has given a retest to the 20 EMA this week. There is a losing strength as per the RSI indicator though the market is trading above the previous low.
Either side movement can be seen in coming weeks. 2-3% move is expected on the both side, if the stock price start trading out side the consolidation zone.
On daily charts too, it has closed below both the moving averages and shown a upper wick rejection from the resistance zone which coinsides with 61.8 fibonnaci levels.
Support:- 778, 746
Resistance :- 825, 858
The stock can be bought on from long term prospect above 825 levels. Below the level, it can retest the lower levels which can give opportunity to accumulate stock at lower levels(near support levels).
Future and option trades can initiated once the stock start sustaining above/below the levels.
Positional and swing trades must be initiated with a holding time of 1-2 weeks. MA setup can be used for deciding Targets and SL.
The stock is forming a bearish pattern on the weekly charts, forming lower lows lower highs. To be in the trade for a long time use Option hedging(1 by 2 even or a put credit spread) or Future hedging
Wait for the price action near the levels before entering the trade.
Voltas - Short term BearishVoltas is in short/mid-term correction.
Wave 4 of ongoing Long term impulse is unfolding.
In the mid-term, ABC is unfolding with the current A wave going on in the very short term.
Retracement of 4 wave is marked with fib retracement.
The analysis is only for educational purposes. Please trade at your own risk
VOLTAS weekly technical analysis by Elliott Wave theory &NEO I am trying to analyzing of VOLTAS stock through Elliott wave theory on weekly basis. Since march 2022 marked as low & completed 8 wave (5 Impulse + 3 Corrective). Hence seems this chart Voltas on present consolidation phase it means BIG person on buying on intrinsic value & to be making Ist wave of Impulse. first wave may in triangle pattern or some other wave. Although at present time taking is more as previous wave. means it may coming soon in UPTREND.
Voltas Breakout Short Term Trade (Long)On 1 hourly chart,
There has been a breakout , of the resistance line (yellow line)
the resistance has turned into support
ATR is rising after the breakout
On a 4hourly chart, double bottom is formed
The next immediate support and resistance are marked (white horizontal lines)
Target and SL for a short term trade are mentioned in the chart
voltas may hit 900 levels in coming monthsNSE:VOLTAS watch voltas above 817 if sustains above 817 then in coming weeks /months we can see voltas hit 900 zone while cruising through zones marked till 900 zone. if breaks below 790, then 770/741 zone will be good area for long term investment.
intradayboth side potential
avoid first 15min breakout
wait for 15 min candle closing
targets are marked
follow risk management
do your own analysis
do workout
do meditation
start reading book
VOLTASDouble Bottom, FIBO Levels 61.8 , W pattern is formed. Lets beat the heat with Volats Airconditioners
Good for targets of 930 levels
