Stock has been trading in a range and tried to break the resistance many times. Buy above 1315, TGT 1480+, SL 1265. For educational purpose only. Kindly contact your financial advisor before entering any trade.
this is summer time. everyone feeling hot now, people mostly buying on fridge, AC....voltas is mainly known for AC product in india....i focused on last year , now its time to break channel, form new resistance and also today its form perfectly cup and handle shape.
Voltas, this stock has been consolidated in a parallel channel since October 2021, and now very first time it has closed just out of that same channel's top on daily time frame,
Also it has been closed above 20DMA from last 15 days and sustaining on same.
As per elliot wave structure we can assume that from the low of 8th March fresh impulse wave 1 started and on...
buy above 1350 in intraday or swing trade
stoploss for swing trade daily candle close below 1295
For stoploss in Intraday use 5 minute chart and see nearest support.
for target use 5 min chart and fibonacci pivots as i don't keep predefined target.
try to book partially and trail.
Note: this is not a prediction for LONG/SHORT, trade will trigger only on given...
Voltas previously moved out of flag structure and gave retracement.
Now again made 3 white soldiers candlestick Pattern on daily chart.
Upside expected towards 1440-1528 with SL 1243
DISCLAIMER:There is no guarantee of profits nor exceptions from losses.
Technical analysis provided on the chart is solely the personal views of my research.
You are advised to...
Stock is consolidating near ATH.. Trading above 200 WMA.. Stock is in strong uptrend.. Summer has started.. expecting more tempareture will increase in sales of AC.. so it's a commonsense pick.. range breakout expected..can be accumulated for target of 1460/1530
Market Analysis
Live Challenging Stock Market Analysis Buy Voltas @ 984.35
Target @ 1128.40
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Trade signals would usually...
Voltas Cmp 1296 dated 17.3.2022 SELL
1. Shooting Star Candle on chart.
2. Price fall with Volumes.
Sell below 1290 for a tgt of 1225-1200 SL 1330
It is just a view, pls trade at your own risk.
NSE:VOLTAS breached the trendline but forms a reversal & bearish candle.
We can't take it as a confirmation for Long position. If it breached all time high and sustained above that level, we can consider a long position.
DON'T HAVE TIME TO MANAGE YOUR TRADES?
- Take BTST trades at 3:25 pm everyday
- Book profits within first 30 minutes of the market opening
- Try to exit taking 3-5% profit of each trade
- SL can be taken when 5/15 min candle close below 44EMA
- SL can also be maintained as 1% or closing below the low of breakout candle
Levels mentioned on the chart are...
