VOLTAS trade ideas
Voltas breaks 13 months of resistance.Price breaking 13 months of resistance.
Before breaking the resistance price clearly forms a pattern and it breaks the pattern.
Parallel channel, breaks 700 resistance after 3 months, triangle pattern - Then comes the breakout after 13 months !!!
If you find my analysis helpful . . . . . Please show your support by hitting 👍 LIKE button,
Your Support is very much 🙏 appreciated!
#VOLTAS Moving up#voltas might face resistance around 741/44 levels, once breaks it decisively, it might move towards 768/800 levels.
Regards
Voltas- Breaking BigVoltas has followed the trendline and respected it multiple times and while riding that trendline it reached 52 week high and today broke out after touching it multiple times.
Weekly Chart for the reference.
Today's Closing looks to be strong as volume is decent today. If we have patience then this stock might give us more than 40-50% returns in next few months. Few months doesn't mean 1 or 2 months . It broke about after 171 days so returns mentioned above can be expected in around same number of days.
Keep an eye folks and Cheers.
Disclaimer:- I am not SEBI registered. Trade with caution and trade with your own risk.
Voltas - breaks long term resistance. Price breaks the pattern and reached the long term resistance levels if closes above this resistance then one can look for long till the previous high levels.
Voltas rising wedge towards a resistanceVoltas is forming a rising wedge and the current price is very near to a resistance zone . It might go and retest the zone and then fall.
VOLTAS - TREND LINE SUPPORTVOLTAS TAKING SUPPORT OF TRENDLINE
HIGH RISK TRADE - AGAINST THE MKT
GOOD TILL IT BREAKS AND SUSTAINS BELOW 690
BELOW 690 CLOSE VIEW NEGATED UPSIDE 717/738
INTRADAY LEVELS for tuesday 27/10/2020ALL LEVELS ARE MENTIONED ON THE CHART. Watch my other charts to understand the simple price action used for all of the analyses. Never risk more than 3% of your capital on any trade
VOLTAS A break below 701, stock might dive towards 695/685
Stop Loss : 711
Disclaimer:
The content of the idea and the interpretation of data are solely my personal views which being said I do not warrant its completeness or accuracy.
This idea published is purely intended for educational and informative purposes, I urge traders to make their own trading decisions based on their specific trading objectives and financial position.
VOLTAS BUYVoltas took support at trend line, good for short time trade entry for a target of 730 with stop loss of 656
ascending triangle pattern in VoltasSupply zone is 704-714
closing above this level can lead to good upmove 741 and more
support zone 650-600 which is also fibbo level 78.6% and 61.8% and 200SMA support
also good volume form last few sessions
