Voltas: Bullish as long as it holds 617Buy Voltas on the dips with stoploss of 617 for the targets of 670/690/710
VOLTAS trade ideas
Buying Pennant Breakout - Riks/Reward 1:4+Entry at 662
Stop-loss 632
Target 788 ( Set as 161.8% of Wave1 )
Risk/Reward 1:4+
Voltas is in a strong uptrend. Price is trading inside an upward channel and formed a bullish pennant. Pennants look very much like a symmetrical triangle but are typically smaller in size, ( volatility ), and duration.
Voltas is in a 3rd Wave and Impulse wave 3 often is the wave with the biggest move. So, usually, wave 3 will move up above or at the upper line of a trend channel. In a rising impulse wave, it is common for the price to reach 161.8% of wave 1.
VOLTAS MAY GIVE FLAG PATTERN BREAKOUT abv 663If you want to catch the move at early stage then, voltas is at the verge of giving flag pattern breakout, buy can be initiated above 663. There's hurdle present at 671, 682.
Such bets are a bit risky but give massive returns.
Voltas
DISCLAIMER : . I am not a SEBI Registered analyst.
All chart analysis I publish are educational and information purposes only
Voltas LTD:AnalysisVoltas is forming a triangular pattern in 1 1 hour time frame and taking support on daily time frame parallel channels.
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I'm expecting a break out in near time. Keep an eye on this stock expect a good rally whatever side it breaks.
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Planning to trade for Intraday or max 2-3 days in holding.
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Stop loss must be below the immediate swing or support level.
#VOLTAS CASH : LOOKS GOOD ABOVE 650.10#VOLTAS CASH
02.09.2020
LOOKS GOOD ABOVE 650.10
& DIPS 646-647
STOPLOSS 642
TARGET 658-660/668-670
CMP 642.50
2 SEPTEMBER VOLTAS SHORT SELLDisclaimer : We Are Not SEBI Registered.
All Information On Chart Are For Educational Purpose.
SELL @635 SL 640
TGT 618,610++
VOLTASNSE:VOLTAS
The way it has broken the support, it seems that it has the scope to go down to 618-620.
The stop loss here is anyways deep, levels around 645 can be good to take position, else wait n watch is better.
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Hi all,
Its pleasure to have you all here.
I have started putting these charts as a contribution from my side to all people who are new to business, as I had to struggle a lot without any sources at disposal. So please consider this a just small contribution from my side.
Few Honest Disclosures:
1. Any idea shared is my personal view, its not a recommendation, neither any kind of paid propaganda, so please
do your bit of research.
2. Ideas shared does not mean that I trade all or have position in them, this is just a helping hand to all.
3. I expect no comments or like nor any negativity, as I said its just a small helping hand from my side, please plan your risk and trade as per your capacity.
4. To trade in Cash, options or futures is your sole choice and your own risk
5. I am no expert in Tech Indicators, I believe in support resistance and trendline theory, you may use this as a supplement theory for better results.
6. I work for my own living, this is a hobby which I do sincerely to help anyone who might come across my charts.
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Voltas short only below 630 for target 600Voltas short only below 630 for target of 600
SL currently at 650. To be trailed with falling kijun
