VOLTAS trade ideas
Intraday / Swing Setup: Looks good for 715/730 with SL of 690Intraday / Swing Setup: Looks good for 715/730 with SL of 690 for intraday and 685 for swing trading. Enter between 695-700. Price has already done confirmation.
Note: I am not a SEBI register and view is only for educational purpose as well as personal, always consult your financial advisor before investing or trading.
VOLTAS, ASCENDING TRINAGLE BREAKOUT (CHART# 339)VOLTAS has given ascending triangle breakout on Friday. Above 703, it can move further up and below are some key resistance areas to watch out.
1. Trend line from Feb (blue color) - 709-10
2. Year long resistance zone (yellow color) - 720-26
If VOLTAS manages to cross both these hurdles then it can move to new high. Friday's volume was also very good which was news based due to change in policy on refrigerant import.
Watch my other charts to understand simple price action used for all of the analysis. Keep your charts simple and free from lagging indicators.
Thanks
Piyush Gupta
#Oct16 - Voltas (intraday+swing) - Ascending triangleFollow the levels provided below:-
Buy above 676
Sell below 671
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!!
VOLTAS is about to break it's long time uptrendTake entry only when it satisfies these conditions :
1. It breaks the uptrend in a downside move.
2. The breaking candle is high in volume.
3. Wait for the retest as it is very very important in this case.
4. Set the Target and Stop Loss as soon as you enter the trade.
Do let me know if you have any doubts regarding the trade.