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Voltas Limited

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VOLTAS trade ideas

Simple Trade Setup | VOLTAS | 11-08-2021NSE:VOLTAS On 10-08-2021, on daily time frame it has broken and closed below 100DMA. 100DMA is placed at 1009 level range. Please refer below daily chart. Trade Setup for 11-08-2021. Any Resistance at any level till 1009/1010 will be opportunity for short trade. VOLTAS will remain weak below 1009 level. Chart and levels are easy to understand. Do comment your doubt or suggestion. My personal view is bearish until it trades below 1010 level. Trade with strict SL. All the best.
NSE:VOLTASShort
by Trading_hawk
4
How to Trade a Breakout?Breakouts are the high probability and low risk setup. These Setup occur mostly when the stock is in a consolidation state forming either but not limited to the below mentioned patterns: 1. Ascending, Descending and Symmetrical triangle 2. Channel Consolidation Pattern 3. Rising Wedge 4. Falling Wedge 5. Support (Demand) and Resistance (Supply) Breakout 6. Moving Average Breakout So, what makes Breakouts a low risk setup? Usually when such breakout happens, a good risk reward ratio can be achieved, because usually in such cases, Stop Loss is kept just few points above/below the support line/trend line. Please note: Stop Loss should not be very tight and there shall be some leverage in case the stock retraces back. What Can be learnt from this structure? Stock Under Consolidation taking Support from the trend line Closing below the Trendline 50 EMA broken and closing below that What next? Stock might retrace back to the trend line and resist the same and then make a fresh fall. To confirm the entry, another continuation candle or a bearish candle near the entry would be the best possible scenario.
NSE:VOLTASShort
by TheDayTrader1010
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.
NSE:VOLTASLong
by UnknownUnicorn6651877
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.
NSE:VOLTASLong
by Trading_hawk
6
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.
NSE:VOLTASLong
by taruneshpasuparthy