SHORT VOLTASTRENDERS
SHARK
SHORT VOLTAS
PRZ1 = 707.70
PRZ2 = 695.90
TARGET = 600.20
TIME DRAME = WEEKLY
VOLTAS trade ideas
Volatile VOLTAS !! Oh Yeah !! I feel the bulls are with Voltas this time!! Based on the Elliot Wave Analysis !
Trade at your own will!!
Buy above 658
Target 670/681
SL 642
Voltas: Bullish as long as it holds 617Buy Voltas on the dips with stoploss of 617 for the targets of 670/690/710
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.
