VOLTAS trade ideas
LONGStock recently broke the MA 200 after consolidating.
Seems to be taking support at breakout area which is also near MA 200.
Might be a good long opportunity !!
VOLTASAgain those midlines.
Now we have a weekly uptrend. The channel has a midline. The prices have breached it once, bounced off it and have closed below it on Friday (8th Aug,2020).
Stay away from buying until a proper signal is seen. Shorts eager to enter must mind the measured move is yet to trigger.
VOLTAS Trade SetupVoltas forming setup which seems in the same supply zone , Results coming up on 14th , Govt has imposed more import duty on electronic items , Acs forming the main business is having bullish impact, As per speculation Voltas Set to report mixed Earnings . However we can go long on VOLTAS at this level and buy at lower levels (50%) if it reaches level at support level .
All analysis is for educational purpose only , do your analysis before investing
[Turtle] Voltas Call SpreadSell 620CE + Buy 640CE
Weekly looks like massive "Sell" if white line breaks. Daily it is having a "Retest".
Even if sell triggers, it will again come to a halt on the next support.
And I do not see it will break this third support because it has strong supply here.
But as summer is already screwed due to Covid and people forgot about ACs this season, it missed a good sales period.
Heavy Duality in mind. But Price action tells to do call spread as Weekly selling pressure is undeniable.
LONG - rotating near MA 200Rotating near MA 200 and Trying to cross it.
If breaks, might give a good move!
Voltas Long Opportunity !!! Short Term !!!Short Term Investment.
Buy on Dips Suggested.
All the level are Mention on Chart.
Do your Own Analysis before any trade.
VOLTAS#VOLTAS
BUY ABOVE 603.30
SL 100EMA
TGT 610/ 618/ 626
SELL BELOW 100EMA
SL 603.30
TGT 200EMA/ 580/ 575
Voltas - Range Breakout & Retest done. LONGVoltas had formed double bottom - Broke off that and achieved the target. It had become rangebound for quite some time now and has taken the Support of previous high resistance level. It had broken off the range with huge volumes and has now successfully retested the breakout zone. Can go long with a time frame of 1-2 months with open target and SL being few points below the retest zone.
