VOLTAS trade ideas
GO LONG ON VOLTASNSE:VOLTAS
It is swing trade for more than 1 mouth.
The stock i s at support zone on a daily time frame which you can see on this chart .
If stock give any indication of reversal or pullback it buy .
Frist target is at 1135 and 2 target is at 1251.
This is for educational purpose.
NSE:VOLTAS
It is swing trade for more than 1 mouth.
The stock is at support zone on a daily time frame which you can see on this chart .
If stock igive any indication of reversal or pullback it buy .
Frist target is at
Voltas Ltd AnalysisDividend Payout % = above 24% on average(+ve)
PE =62.7 ( good PE around 45 as per history)(-ve)
BV increasing YoY (+ve)
OPM % maintaing on same range (8- 10) YOY
EV/EBITDA =42 (over valued)(-ve)
Debt to Equity ratio =0.07(+ve)
Compounded Sales, Profit growth,
CAGR of stock price , ROE compare to 10 year
is greater than 3 and 5 year growth(-ve)
Free cash flow rich company(+ve)
NSE:VOLTAS
Perfect example of DOUBLE BOTTOM With DIVERGENCENSE:VOLTAS
Double bottom is always a perfect pattern for LONG ENTRY.
But I prefer to add some more factors which increases my probability to achieve the target.
In this analysis tutorial, we will learn that.
* After falling wedge pattern breakdown Stock momentum is exhaust near a good Support.
- Never Entered in ONE SIDED BREAKDOWN or BREAKOUT. Wait for the Next GOOD SUPPORT - RESISTANCE, Because one sided move Creates a Doubt( maybe its a TRAP for a RETAIL TRADER like us).
- ONE SIDED BO-BD can be a FAKE BO-BD ( In Mostly cases )
- And incase, If it's not a Fakeout - Fakedown, But a genuine one and we missed that - DON'T PANIC - Never entered in FOMO because this can spoil our RR.
- THIS STRATEGY IS A SOLUTION FOR ALL THE ABOVE SITUATIONS.
* And at that support( IN BIGGER TIME FRAME) I Found BULLISH DIVERGENCE.
- Divergence is basically a manipulation by a big players.
- In Bullish divergence with the help of some OSCILATTORS we see PRICE IS DECREASING but AVERAGE PRICE or STRENGTH or VOLUME is INCREASING. - {Opposite in BEARISH DIVERGENCE}
- But if there is not any SUPPORT - RESISTANCE - - - - - IGNORE THAT AND NEVER ENTER.
- Because WE FOLLOW ONLY&ONLY PRICE ACTION, Indicators is secondary.
- And basic principle of PRICE ACTION is - NEVER ENTERD WITHOUT A SUPPORT RESTISTANCE ZONE OR TRENDLINE SUPPPORT OR ZONE.
* When this stock Follows all rules of BULLISH DIVERGENCE I took a LONG ENTRY.
- COMMENT if you wants to know all the RULES of DIVERGENCE.
* Now chart pattern shows a signal of UPSIDE MOVE and our Divergence setup gives us a confirmation of that SO I ENTERED and ACHIEVED THE TARGET
I hope this is helpful for beginners and a good revision for a pro players.
DIVYA BIHARI DAS this side.
THANKYOU SO MUCH.
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Breakdown in Voltas...Chart is self explanatory. Entry, Targets and Stop Loss are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
Voltas trade updateI analyzed previously that it may take support from support level but today open with gap down.
Range break down with huge gap down. It may be due earning & all but technically, it is weak now.
So now there is no opportunity for buying entry until it will not come into previous zone.
Quote of the day-- Perfect practice make perfect.
Happy weekend.
VOLTAS Long opportunityNSE:VOLTAS
Stock -> Voltas
TimeFrame->Weekly
Hello all!
Voltas has been taking constant support from its lower trendline since May 2020. This then further transitioned into a channel in February 2021. After traveling in a channel for a few months, it's now stuck in an Accumulation/Distribution (A/D) zone since September 2021.
Whether it's an accumulation zone or distribution zone, only time will tell. Small quantities of the stock can be purchased here with a minimal stop loss placed below the A/D zone and further quantities can be added once it breaks above the A/D zone. For Traders, the perfect entry would be after the breakout from the yellow box.
The analysis would become invalid if the stock breaks below the A/D zone.
*NOT A CALL*
#voltas #nifty #trendanalysis #swingtrading