VOLTAS trade ideas
VOLTAS_EXPLOSIVE MOVE IS YET TO COMEKeep eye on VOLTAS.
This can show a good momentum in near future.
(For educational purpose only)
Voltas - Falling wedge - breakPrice forming falling wedge pattern and it is currently moving from the trendline support, it is expected to break the wedge and trade high.
Voltas trading in same range from past few sessions.Depending upon day's strenght buy/sell can be initiated ..Important zones are marked on the chart.
Voltas - Inverted Head and Shoulders Pattern1. Voltas has formed an inverted head and shoulders pattern
2. Stock is taking support at 50EMA in Daily timeframe
3. There has been pickup in volumes in the past three days
4. Stock is forming HH(Higher high) and HL(Higher low) in 1hr TF
5. Sales are expected to be better this quarter owing to onset of summer and it's peer LG has declared very good results
Target and Stop Loss level are mentioned in the chart
Please like the post if you find it useful and leave your suggestions if any in the comments. Thank You.
Happy Trading!
VOLTAS Short Term BullishConsidering the extreme Summer conditions yet to come in India. Also the highlighted portion shows that the Stock is currently into consolidation phase. So with 10-20 Days time Horizon a target price of 1000 with stop Loss at 910. and for up to 3 months holding period we can se a rally up to 1100-1125 range by mid of July.
Voltas giving a long opportunityVery strong uptrend, continously taking support of a trendline and now giving a pullback with volume contraction and falling wedge formation. Currently the price is at a confluence zone of trendlines, could give a bounce from here, and a breakout of the wedge would confirm a possible good upmove.
Voltas good to buy above 9701.Can be traded at resistance breach above 970.
2.Can be short upon TL BD , it may touch support of 940.
VOLTASCurrently at trendline Support.
But Trend is weak.
Breakdown of trendline will bring further weakness
Keep n eye, Strength only on breakout of this structure.
VOLTAS READY TO FLYCONFLUENCE OF TREND LINE AND MAJOR SUPPORT.
GOOD BUY ABOVE 960
WITH STOP LOSS OF 935 ON DCB
TARGET 1015-1050-1090+++
Voltas Falling wedge Falling wedge pattern can be seen in Voltas on daily time frame, trade can be initiated after breakout of trend line
WAVE 4 EXPANDING TRIANGLEMARKET STRUCTURE:ABC FLAT CORRECTION
CURRENT LEG:WAVE C,SUB WAVE 4,LEG E
PATTERN:EXPANDING TRIANGLE.
COMMENT:BOUNCE OF 5TH LEG OF EXPANDING TRIANGLE CAN COME.YESTERDAY IT MADE DOJI CANDLE.IF HIGH GET TAKEN OUT THEN LONGS CAN BE INITIATED WITH A STOP OF 945 AND TARGET OF 1024
Voltas LtdDaily Chart Pattern
Positive Momentum
May Pull backed from Resistance turn Support
Can give good return in Short term
I am not a SEBI registered adviser. All the information provided by me are for educational/informational purposes only. Never invest more then 2 % Capital In Single trade. Trade on your own Risk and analysis
