All detail for chat. good entry at 1205 above and sustain in day candle. and must stoploss is 1124 minimum risk and good profit. risk ratio 1:1 in first target. This is not call my idea only. Please understand your risk and take full responsibility of your actions
If stock is now go little upside w considered that demand zone is work & then looking for sharp upside move . note TF. is 1 hour hence book your profit as your comfort.
Go Long above 1204.55 for Targets of 1259.55, and 1314.55 with SL 1149.55
Reasons to go Long :
1. On a Daily timeframe if we draw the Fibonacci retracement tool from recent swing low (point A) to recent swing high (point B) then we see stock took support from 0.5 Fibonacci level.
2. Also a bullish candlestick pattern Bullish Harami (marked with orange color) is...
The Trade is based on the following observations :
~ Testing the same key zone level multiple times.
~ Potential consolidation formation.
~ Sellers have very low volume.
~ Retest candle is like a Bullish Engulfing pattern.
~ Summer Season + Real Estate Cyclicality Proxy Play.
~ RR > 1:3.0
The chances of trade playing out are 70 % (premium members are already...
the a b c correction is completed, it feels it will test the levels given below one can take very low quantity shorts as some tests on price action were just okay not really awesome.
Voltas looks Weak in daily time frame it broken the major support line , We can go and short the Voltas with CMP - 1157 and stop loss of Rs 1190 , Target 1- 1112 , Target 2 -1068
Wait And Watch ??
Look for Low risk, High reward, and High Probability setups-
Things to Remember while Trading with the Trend
1. Know what the trend is.
2. The best trades are made in the direction of the trend.
3. Assume that the main trendline or moving average will hold.
4. The longer the moving average is, the better it defines the trend.
5. Wait for the...
Spotted voltas -
can see down side 1250 - 1230
negation above 1325
Educational purpose only.
This is not a recommendation -
Inspired by - Trading Mirror telugu
THERE is a great opportunity in voltas in the 1-day time frame
Moving average and macd is supporting.
IT IS MY ANALYSIS ONLY NOT INVESTMENT ADVICE.
BEFORE INVESTMENT TAKE ADVICE FROM YOUR ADVISORS
Hello guys, as said in the previous posts the I.T sector were looking weak to me and Techm & Wipro hit their shorting targets.
Now Voltas here has given a breakout from it's trendline and also now is nearing it's resistance/supply zone which it was unable to break the last two time, if it breaks this resistance it will be a good buy for the upper marked...
The stock gave breakout and done retest .. buy if you see bullish momentum.
other details are mentioned in chart.
This is only for educational purpose. Not Buy/sell recommendation. Do your own analyze before enter.
VOLTAS : cmp :1303.65
Trading near the breakout zone of 1330 - 1360 . If it surpasses and sustains
above the level a buying movement could be possible in the near term.
Making higher highs for 3 days.
RSI trending up.
Accumulation zone : 1300- 1330
Profit booking zone may be : 1388 - 1528
SL 1289 Dclbs
Positionally can move 1600+
Sl 1267 Dclbs
May take position...
First BO done. Second resistance BO on the cards.
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This is not a recommendation though. Trade as per your knowledge and your risk appetite.
And do not base your trade on what I give. Please do your own research before investing!
I don't post as often but when I do, the trades are potential movers for the week! So trade and book your profits...
![VOLTAS: Voltas [Daily]](https://s3.tradingview.com/r/RO8pIKd7_mid.png "Voltas [Daily]")
