VOLTAS LONG [Symettrical Triangle]Voltas taking support at the bottom of the traingle, can go long for swing trade above 1040 with stop loss of 1004 and aim for a target of 1111
VOLTAS trade ideas
VoltasVoltas profit jumps in Q1
In the June quarter, the air-conditioning major reported a consolidated net profit of ₹122 crore, up 49% YoY. This strong profit growth was led by a 38% rise in revenue from operations to ₹1,785 crore.
The company’s air-conditioner business was impacted due to lockdown especially during the peak summer season. Hence its volume growth was stunted to 10%. However, it's other business division called the electro-mechanical projects grew 67% and drove the overall revenue growth. Despite the strong results, shares of the company closed flat today.
Simple Trade Setup | VOLTAS | 06-08-2021NSE:VOLTAS
Today it gave clear view for bullish signal. As it was making bullish divergence by making lower low on price while RSI was making higher lows. Also it was taking good support from 1025 level. And it broke the trendline.
Here is the simple trade setup for 06-08-2021.
Chart and levels are easy to understand.
Do comment your doubt or suggestion.
All the best.
Simple Trade Setup | Voltas | 05-08-2021NSE:VOLTAS
In last two trading day, it made lower lows in chart while RSI made higher lows on 15min time frame. This could be the beginning of the RSI Bullish divergence.
Simple Trade Setup for 05-08-2021
1) For the safe buy trade it can be taken above 1044 level only. 1047 level will give a bit of resistance but need to judge price action at this level. If it gets broken with just one single candle then no need to book the partial profit. All above levels will be targets. One buy trade can be also made above 1040 level if it breaks or works as support.
2) Tomorrow, It may come to test level of 1025, and if it takes support then it will be a sign of bullish trade. And at the same time need to check RSI in 15min time frame at 1025 level (which will be another low in price) and if RSI is having higher low then this is going to make a bullish divergence.
But Don't jump in trade until it breaks the trendline.
3) For the short side trade it is very clear and simple.
Also it closed just above 21DMA on daily time frame, which is near to 1031 level. This level is also to watch and how price is working near this level.
Chart and level is easy to understand. Do comment your doubt or suggestion if any.
Trade with your Stoploss. And don't be shy to book profit at your level and don't hold the trade for entire day.
Voltas - Buy SignalVoltas buy at CMP 1059 or correction that you might get around 1030 levels
Strong MACD signal , Blow 50Day moving average and about to bounce back.
If it drops it has a Strong support @1008 levels
Target 1080+ Short term
VOLTAS... 8% SHORT TERM TRADEThe script is at the support trendline of the ascending triangle.
Target 1115 & Stop loss at 1005.
Risk Reward 1: 3.1.
Keep this script in your watch list and enter it when it starts moving up (green hourly candle).
VOLTAS 1hr analysisVOLTAS is at the resistance level, and if it breaks
the resistance then it has the potential to hit 1110
Voltas Cup and Handle - LongBoth Earnings and Sales are rising well.
Voltas (Nse) has an operating revenue of Rs. 7,555.78 Cr. on a trailing 12-month basis. An annual revenue de-growth of -2% needs improvement, Pre-tax margin of 10% is healthy, ROE of 10% is good. The company is debt free and has a strong balance sheet enabling it to report stable earnings growth across business cycles.
Voltas Medium/Long PositionVoltas trade for 2-3 months. Since this chart has taken dynamic support from the below trend line since long, so it will be difficult for it to go down. Also next month CPR is an ascending CPR so if the price sustains above the next month CPR and 200 EMA then once it breaks it swing high you can go long on it. But go long only after 1064 because if it breaks the support line and then goes below the 200 EMA then bears can come into the action.
VOLTAS - RectangleRectangle forming on 3H Chart of VOLTAS. BUY 1062, SL 1038, 1024, Target(s) - 1077, 1090, 1098, 1105-07, 1118. I'm learning chart patterns as of now. You can plan your trades accordingly if you know how to trade these patterns.
Voltas LongVoltas has been in an uptrend in the higher timeframes , It consolidates for a while and then moves up. The last swing low consolidation was for a very long time around the 900 area which happened to be the 61.8% Fib retracement level and this time around it has again been bouncing off of and consolidating around 1000 area which is again 61.8% retracement from the recent swing high. It has clearly broken the trendline on the daily chart. Momentum traders can go long above 1061 for a target of 1100/1115 with a SL of 1050 on hourly close basis. The RR is good as it is 1:4 minimum.
The RSI also which was showing some divergence earlier has been corrected in this time wise consolidation of last few weeks and is in a healthy zone above 60 on weekly.
Alternatively one can initiate a long position on a pullback towards the trendline BO area. Depending on how the stock moves on Monday.
BUY VOLTASit has crossed its resistance level in 1hr chart at 1061 with decent volume. one can accumulate between 1073-1063. we may see 1120 in coming days. view negated below 1040
Voltas short term idea as on 02-08-2021Most probably the breakout will have follow through. Hold till target.
In case the breakout fails, fade it till the demarcated demand zone.
#Voltas cash : Looks good above 1065.10#VOLTAS CASH -Positional call
01.08.2021
Looks good above 1065.10
Stoploss at 1030
Target 1095/1124
Cmp 1059.20
Voltas Triangle Breakout Voltas Triangle Breakout
Price has Taken the Support Trendline and Given a Triangle Breakout with more than Average Volumes...
Can go Long
* Do your own Analysis before investment
VOLTAS --> VIEW BULLISHSTOCK FORMING A GOOD BASE.
SHOWING STRENGTH IN DAILY CHART.
LOOKING GOOD FOR SWING.
BELOW 1000 WEAK. CLOSING BASIS.
