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disclaimer.... not an investing.trading recommendation
Voltas in bounce dtrend
Short at swing low 515, with SL at 545.2
Only view down my side
Long now target 516 stop 498
Long above 519
As per charts
Long if it breaks the high of the previous day with a stop loss at the previous day's low.
In case of gap up above the previous day's high or gap down below the previous day's low, please avoid buying it or selling it respectively. Follow the ending of the candle formed in first 5 minutes and follow ORB strategy.
09 OCT 2018
GOOD SELL BELOW 478
short with 505 sl for 480/460
Voltas is possibly at the end of minor degree of wave 2. CMP is 506 and Wave2 should end near 493-490 zone which is also previous SWING LOW. Wave 3 target is anticipated at 161.8% of Wave 1 which is 726. Wave1 has taken 2 months to form and Wave 3 would possible take 1.5 times of Wave 1 which is 66 days or 3 months approximately.
Voltas has very low voltage for upmove
short from blue zone...let the market retest and if it close below blue zone we go for short...
Shorted 2 Lots of Voltas 650 CE at .75
Shorted 2 Lots of Voltas 640 CE at .65
Total Points gained = 1.4
Total Profit = 1.4*2000 = 2800 if Voltas expires below 640
voltas good buy
Buy above 636 level on closing basis.
WAIT FOR NECKLINE BO.
As on 15th sep 2018, Voltas is in uptrend. As per Fibonacci, 636 is the resistance level and 563 is support level on daily chart. So, 636.60 is the crucial level for Voltas. If in the coming days it crosses 636 then it will reach 650 soon.https://www.tradingview.com/x/Rh0BQkN4/
Please see the attached chart, Voltas has crossed 40 days exponential moving average and as per Stoch RSI there is buy signal.
So if market trend is up, buy Voltas.
Voltas is forming both C&H and Pole and Flag. Targets 617 and 660