VOLTAS trade ideas
voltas showing strenghtthe stock has
1. broken from the lenier regression trend
2. showing consistent volumes
3. taking support from MBB
stock is bery good to enter for short termn trading if it sustains abobe 1015 for 30 mins minimum
enter with a future + ATM PE with 50 percent stoploss
use pyramiding with every 5 percent rise
VOLTAS - FLAG & POLEVOLTAS IS SHOWING A SIGN OF TREND CONTINUATION. INVESTORS CAN HOLD THE STOCK FOR MORE RETURNS WHILE NEW SWING ENTRY IS ALSO POSSIBLE
Note:
Avoid the stock if a big gap up or gap down is seen
Enter after the breakout happens and not before it
Do not chase the market, i.e., do not get involved in late entries
Only enter with strict stop-loss and target
This is not a recommendation and is for educational purposes only.
always follow risk-reward and quantity management for the 100% of the times
The above mentioned idea may not work, so beware of the risk you are taking
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Happy Trading!!
Channel Breakout with Trendline Support (Don't Miss)Voltas Ltd. is involved in the business activities of Manufacture of refrigerating or freezing equipment f industrial use, including assemblies of major components.
The stock is moving in a channel for quite sometime now. growing volume in the stock suggests that the stock is ready to breakout.
The Company is well known and needs no explanation. Debt Free Company with Healthy Balance Sheet. The Company has posted stellar numbers for the last quarter of FY 21 yesterday. Expecting a bounce from support line.
This stock can be accumulated at this levels as well. But to be safe, Don't miss above 1005 levels for targets of 1100-1150. Long Term Target 1300+++
Feel Free to share your feedback and queries
Voltas - Short Term Swing TradingVoltas was trading in the trend line and it was touched the trend line and retraced and started moving higher in 1hr time frame.
In Daily time frame it was parallel channel and trendline of 1hr TF make its as a Symmetrical Triangle Pattern.
Hence, go for Long at
970-972
SL - 961.. Have a good Risk Reward Ratio.
Disclaimer: Kindly do your own analysis before executing the trade.