Price action - Bounce on 15 EMA and if tomorrows candle is also green and above the 15 EMA then enter for short term target of 628
Ichimoku positive and future kumo is green.
Note : This is for educational purpose only.
VOLTAS RECENTLY CROSSED THE INVERTED H&S AND SLOPING TREND LINE AND RISEN UPTO 637.
IT IS REVERTING BACK TOWARDS THE SUPPORT LEVELS 585-590 LEVELS.
IN MY OPINION BUYING CAN BE STARTED BELOW 600 FOR TARGETS OF 609 / 637 AND 664.
IT APPEARS THAT THE STOCK WILL START JOURNEY TOWARDS 780+ IN CASE IT CROSSES 686 LEVEL.
STOP LOSS 580.
1) Downward channel resistance
2) Last earnings report was not good
DECLARATION: please trade at your own risk. Like other traders, I too had a phase when I lost money by blindly following other's ideas.
Do your own research to justify your investment. It's even ok to lose money based on your idea rather than other's idea.
All the best!
VOLTAS Look for short entry below the levels given
Entry : 596 - 599 Range
Stoploss : 606
Basic Target: 588
Idea By MALKIAT SINGH
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