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VOLTAS LTD

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VOLTAS trade ideas

VOLTAS LTD[cup&handle] VOLTAS LTD (NSE), we see a clearer depiction of a potential "Cup and Handle" pattern, which is a bullish continuation pattern. Here’s a detailed analysis of the chart Cup and Handle Pattern - The chart shows a cup-shaped curve followed by a slight downward handle, indicating a bullish continuation pattern. - The breakout from the handle signifies a potential upward move. Target Levels - **1st Target (1st TRG)**: The first target is around 1800 INR. This is a near-term resistance level where traders might consider taking partial profits. - **2nd Target (2st TRG)**: The second target is around 2400 INR, which aligns with the measured move from the depth of the cup. . Volume - The volume shows an increase during the breakout, which supports the validity of the breakout and the continuation pattern. Buy or Sell Considerations Buy Consideration: If you are looking to buy, entering around the current price (1534.25 INR) or on a slight pullback to the breakout level would be ideal. Sell Consideration: - Partial sell or profit-taking around the 1st target (1800 INR). - Full or additional sell around the 2nd target (2400 INR) if the stock shows signs of slowing down or reversing. The Cup and Handle pattern indicates a bullish outlook with a strong potential for upward movement. - Consider buying around the current level or on a pullback. Always ensure to monitor the volume and market conditions, and use stop-loss orders to manage risk effectively. for MORE check in my TradingView ID "https://in.tradingview.com/u/asAMOLSUTAR/" If You LIKE MY Idea ......Boost. 🔥🔥🔥..its. "Disclosure: I am not Sebi-registered." This channel is for only educational purpose. Any profit/loss, I am not responsible. Before taking any trade on our charts / calls, please consult your financial advisors. Thanks🙏🙏
NSE:VOLTASLong
by asAMOLSUTAR
Voltas: Technical and Fundamental AnalysisStock Details: Market Cap: ₹43,154 crore Current Market Price (CMP): ₹1,304.20 PE Ratio: 171.15 Dividend Yield: 0.42% 52-Week High/Low: ₹1,502.30 / ₹745.00 Beta: 0.93 Technical Analysis: Hourly Chart: The stock opened with a gap down and has been experiencing slight bearishness. The price is currently moving below the 20, 50, 100, and 200 EMAs, indicating short-term bearish pressure. Daily, Weekly, and Monthly Charts: In these time frames, the price has been consistently taking support at the 20 and 50 EMAs. This suggests that despite short-term volatility, the stock is maintaining a bullish stance in the medium to long term. Outlook: Short Term: The stock might experience a small correction due to current bearish signals in the hourly chart. Medium to Long Term: The stock is expected to be bullish given the support from 20 and 50 EMAs in daily, weekly, and monthly charts. The company's strong fundamentals support a positive outlook over the longer term. Given the above analysis, it may be wise to research further and consider adding Voltas to your watchlist for potential investment opportunities. Research, Trade, and Invest: Conduct thorough research to understand the company's fundamentals and market conditions. Monitor the stock's performance, especially its movement around key support and resistance levels. Be prepared to act on trading signals that align with your investment strategy. Disclaimer: This analysis is for informational purposes only and does not constitute investment advice. Always consult with a financial advisor before making any investment decisions.
NSE:VOLTAS
by RSIBBTRADER
VoltasPrice faced resistance at 1500 zone and had a pull back. Sustaining the current level may push the price to move up. Buy above 1484 with the stop loss of 1478 for the targets 1490, 1496, 1502 and 1510. Sell below 1472 with the stop loss of 1478 for the targets 1466, 1460, 1454 and 1448. Check the live market updates. Hit the like button to Rock !! Show some energy !! Note : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell. You are responsible for whatever you do.
NSE:VOLTAS
by vanathi
2
Voltas: Bullish Momentum Continues, Potential Breakout Above 139The journey of Voltas since December 2023 has been nothing short of impressive, with a significant uptrend propelling its price from 900 levels. As it approaches the crucial resistance zone around 1400, traders are eagerly anticipating a potential breakout. The recent bullish momentum suggests underlying strength in the stock, but caution is warranted at these levels. While the upward trend is intact, the resistance around 1400 could pose a challenge. Traders should closely monitor price action, looking for confirmation of a breakout above 1395. A decisive move above this level could signal a continuation of the upward trend and offer compelling trading opportunities. Additionally, keeping an eye on key support levels and employing risk management strategies are essential to navigate the market volatility. Stay vigilant and adaptable to capitalize on potential opportunities while mitigating risks.
NSE:VOLTASLong
by CyborgTradingHub
Voltas 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 along with a long term trendline support, So a confluence of support zone. In previous week it has made a inverted bullish pinbar and current weekly candle is showing a sign of reversal around it. Overall setup looks quite spicy and is very similar to early higher bottom catch which I had shared some time back in Bajfinance. Link to that idea is available in Related idea section.
NSE:VOLTASLong
by aktradelearning
1