The price in oversold area and at major support level.
The breakdown of support will generate 6-10% return on short term basis
Long entry if & only trend reversal candle create from level of EMA 200.
The chart is simple and self explanatory.
Disclaimer : Consult your financial advisor before any trading or/and investing activity.
VOLTAS
Stock trading in a zone from last 5months & now at its strong support
Can enter above 1160 for 1180 to 1200 levels, keep trailing SL to maximize profit.
Can be played Intraday also, and check 5min chart support for SL.
In case of Gap Up or Gap Down, then ignore the above setup.
Note:
Above levels are for education purposes only.
Do your own analysis...
#VOLTAS
CMP : 1174
Harmonic Pattern
Disclaimer : We are not Sebi registered analyst or Authorized analyst
The charts / Levels / Price projections are only for educational purpose.
This is our personal view, Pls consult your financial advisor before taking decision - Buy / Sell
We will be not responsible for your profit and Loss
1. WEEKLY CHART- 14feb, it makes a bullish candle in the base then in the next week it fells down with whole market but it recovers fully so i am buying it, RS is leading. 2. DAILY CHART-it is making a small cup and handle pattern with high volume breakout, RS is leading. 3. 94M CHART-it is making inverted head and shoulders pattern, also made a bullish pinbar...
#VOLTAS - CMP 1252
Disclaimer : We are not Sebi registered analyst or Authorized analyst
The charts / Levels / Price projections are only for educational purpose.
This is our personal view, Pls consult your financial advisor before taking decision - Buy / Sell
We will be not responsible for your profit and Loss
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-Voltas is trading inside 1270-1170 for past 3.5 months. Now price might face a supply zone of 1270 and also a falling trendline. If price sustains above these levels then we
can expect a range expansion for another Upmove.
-High volumes during BO will provide strength during upmove.
Happy Trading :)
DISC: chart posted for learning purpose only.
HARMONIC STUDY
CMP 1252
Disclaimer : We are not Sebi registered analyst or Authorized analyst
The charts / Levels / Price projections are only for educational purpose.
This is our personal view, Pls consult your financial advisor before taking decision - Buy / Sell
We will be not responsible for your profit and Loss
Look like upside opportunity of minimum target of 1310 and retrace upto 1228 and if closes below 1228 then trend come inside triangle and look like gud buying upto 1175
NSE:VOLTAS is reached it's major resistance zone & trendline resistance.
In last 5 trading sessions, it has a quite impressive up move from bottom support to the Top with good volume.
If it breaches the Resistance zone we can expect more up move after some pullback.
Note: Always keep an eye on global cues.
