Voltas has good support zone around 1035 - 990 and until this is holding we expect to see another upmove towards 1250 - 1300 zone.
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InvestPro India
Took swing support at 0.618
Given a range breakout with good supporting volume
Retest post breakout pending, if the candle sustains above breakout level can give a good target till t2
Note: This is just for analysis purpose, please do your own research before punching any orders.
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Voltas is showing early sign of higher bottom formation and may eventually give a double bottom breakout in coming weeks.
Stock is trading around 61% retracement level of Covid low to ATH run up and has previously given a falling wedge breakout around it in Jan.
After giving a decent run up from there it has retraced back and has now been at fibo support zone...
Stock Name-VOLTAS
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Best time to invest.
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Due to low risk and great reward.
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Trading at it's Golden Ration level.
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Internal Change of character (Weekly) - 832
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Internal Break of structure (Weekly) - 934
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Picked for Mid to Long Term
Voltas - Mutiple pattern breakout rally and may continue further concentrate at this level.
For the targets 1003 and 1157. This is my view and it may be biased, do your own analysis
Daily timeframe volume profile look good enough.
Rectangle pattern breakout with good volume.
Daily timeframe price has taken support from 50EMA.
Weekly profile also looks good.
Good setup for both intraday and swing if breaks present candle high.
NOTE: I do my analysis, do your before trade.
📈 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 1152.
🚨Disclaimer: This is not a Buy or Sell recommendation....
Buy near 1052
sl close bewlo 1040
easy tg - 1062
tg2 - 1075
Not suggested Disclaimer : This is my personal analysis for study purpose not intended for trading.
NSE:VOLTAS has broken out after over a year of consolidation.
Voltas started making higher bottoms after making double bottom pattern.
Stock is showing great volumes.
CMP 977
Breakout level: 930
SL: 899
Target: 1125
Stock can come back to its breakout level to retest the breakout. Retesting of breakout makes the breakout stronger.
Note: It's weekly chart...
PATTERN- The stock follows cup with handle pattern dilligently which can be seen from past also currently another cup and handle pattern is formed in it . the first cup with handle is marked with the yellow lines and inside it another cup with handle is formed which is marked with green lines
TARGET- The immediate target for the stock can be 932 in short term...
After the ATH its give little PB( correction.
Once its break 1085 strong buying so
next target will be 1115. Otherwise
its moving downtrend channel oly
it will go 1035, 1020
Hi friends Good morning Sharing my swing trade idea on Voltas limited and probabily it is the last one for the year of 2023 mates, So as we can see that after making all time highs of 1350 levels all the way price came down 740 levels and it was almost a fall of 45% from all time highs levels. So now the observation is this that price seems to be bottmed out on...
